NOTE A - SUMMARY OF ACCOUNTING POLICIES AND NATURE OF OPERATIONS: Income Per Share (Policies)

12 Months Ended

Dec. 31, 2023

Policies

Income Per Share

Income Per Share

Income per share – basic is calculated by dividing net income by the weighted average number of shares of stock outstanding during the year, including shares issuable without additional consideration. Income per share – assuming dilution is calculated by dividing net income by the weighted average number of shares outstanding during the year adjusted for the effect of dilutive potential shares from options and warrants calculated using the treasury stock method and the if-converted method for preferred stock.

Reconciliation of basic and diluted income per share (“EPS”) are as follows:

	December 31, 2023	December 31, 2022
Net income:
Net income	$532,139	$672,236
Preferred stock dividends	(68,008)	(64,256)
Net income available to common shareholders	464,131	607,980
Basic income per share:
Weighted-average common shares outstanding used in income per share computations	19,465,302	18,401,789
Basic income per share	0.02	0.03
Diluted income per share:
Shares used in diluted income per share computations	19,645,072	18,898,411
Diluted income per share	0.03	0.03
Computation of shares used in income per share:
Weighted average shares and share equivalents outstanding - basic	19,465,302	18,401,789
Effect of dilutive stock options	179,770	496,622
Weighted average shares and share equivalents outstanding – assuming dilution	19,645,072	18,898,411

Schedule of Anti-dilutive Securities Excluded:	December 31, 2023	December 31, 2022
Convertible preferred stock	618,257	618,257
Total anti-dilutive securities excluded	618,257	618,257