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NOTE A - SUMMARY OF ACCOUNTING POLICIES AND NATURE OF OPERATIONS: Income Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
12 Months Ended
Dec. 31, 2023
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted

 

 

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