Note 3 - Earnings Per Share

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 3 — EARNINGS PER SHARE 

The following table presents a reconciliation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023, as follows: 

	Three Months Ended
	March 31,
	2024		2023
Basic earnings per share calculation:
Net income	$	1,510	$	769
Weighted average number of common shares outstanding		21,594,664		20,869,035
Basic net income per share	$	0.07	$	0.04
Diluted earnings per share calculation:
Net income	$	1,510	$	769
Weighted average number of common shares outstanding		21,594,664		20,869,035
Common stock equivalents:
Non-vested stock awards		212,118		517,979
Weighted average number of common shares outstanding		21,806,782		21,387,014
Diluted net income per share	$	0.07	$	0.04