Note 8 - Earnings Per Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

8.  Earnings Per Share –

The Company computes earnings per share under two different methods, basic and diluted, and presents per-share data for all periods in which statements of operations are presented. Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding.

The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three and nine months ended September 30, 2025 and 2024:

	For the Three Months Ended
	September 30,
	2025		2024
Basic and diluted earnings per share calculation:
Net income to common stockholders	$	58,352	$	292,379
Weighted average number of common shares outstanding - basic		4,601,110		4,575,068
Basic net income per share	$	0.01	$	0.06
Weighted average number of common shares outstanding - diluted		4,676,672		4,622,938
Diluted net income per share	$	0.01	$	0.06

	For the Nine Months Ended
	September 30,
	2025		2024
Basic and diluted earnings per share calculation:
Net income to common stockholders	$	985,374	$	1,110,610
Weighted average number of common shares outstanding - basic		4,592,638		4,575,068
Basic net income per share	$	0.21	$	0.24
Weighted average number of common shares outstanding - diluted		4,657,538		4,621,840
Diluted net income per share	$	0.21	$	0.24

For the three month and nine month periods ended  September 30, 2025 and 2024, there were common stock equivalents that had a dilutive effect of approximately 75,562 and 47,870, and 64,900 and 53,500 respectively.