1. UNAUDITED INTERIM FINANCIAL STATEMENTS: Income Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

3 Months Ended

Mar. 31, 2022

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

	Three Months Ended
	March 31, 2022	March 31, 2021
Net income:
Net income	$199,061	$275,934
Preferred stock dividends	(15,105)	(13,685)
Net income available to common shareholders	183,956	262,249
Basic income per share:
Weighted average common shares outstanding used in income per share	17,146,121	16,470,654
Basic income per share	0.01	0.02
Diluted income per share:
Shares used in diluted income per share	19,665,241	19,341,419
Diluted income per share	0.01	0.01
Computation of shares used in income per share:
Weighted average shares and share equivalents outstanding – basic	17,146,121	16,470,654
Effect of dilutive stock options	2,231,210	2,586,500
Effect of dilutive warrants	287,910	284,265
Weighted average shares and share equivalents outstanding – diluted	19,665,241	19,341,419