Note 7 - Earnings Per Share

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Earnings Per Share [Text Block]

7.  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 months ended March 31, 2026 and 2025:

	For the Three Months Ended
	March 31,
	2026		2025
Basic and diluted earnings per share calculation:
Net income to common stockholders	$	971,489	$	782,239
Weighted average number of common shares outstanding - basic		4,603,556		4,576,669
Basic net income per share	$	0.21	$	0.17
Weighted average number of common shares outstanding - diluted		4,645,831		4,617,073
Diluted net income per share	$	0.21	$	0.17

For the three month periods ended  March 31, 2026 and 2025, there were common stock equivalents that had a dilutive effect of approximately 42,274 and 40,404 respectively.