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

9 Months Ended

Sep. 30, 2022

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

	Three Months Ended		Nine Months Ended
	September 30, 2022	September 30, 2021	September 30, 2022	September 30, 2021
Net income:
Net income	$187,960	$188,004	$550,333	$736,026
Preferred stock dividends	(14,839)	(13,685)	(45,049)	(41,054)
Net income available to common shareholders	173,121	174,319	505,284	694,972
Basic income per share:
Weighted average common shares outstanding used in income per share	19,182,754	16,660,121	18,137,640	16,597,659
Basic income per share	0.01	0.01	0.03	0.04
Diluted income per share:
Shares used in diluted income per share	19,708,698	19,688,994	18,667,822	19,585,761
Diluted income per share	0.01	0.01	0.03	0.04
Computation of shares used in income per share:
Weighted average shares and share equivalents outstanding – basic	19,182,754	16,660,121	18,137,640	16,597,659
Effect of dilutive stock options	525,944	2,741,040	530,182	2,701,422
Effect of dilutive warrants	-	287,833	-	286,680
Weighted average shares and share equivalents outstanding – diluted	19,708,698	19,688,994	18,667,822	19,585,761