INCOME PER SHARE

12 Months Ended

Dec. 31, 2017

Income Per Share

INCOME PER SHARE

NOTE 3 INCOME PER SHARE

Basic income per share computations are based on the weighted average number of shares outstanding during each year. Dilutive earnings per share reflects the additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate to outstanding common stock warrants and are determined by the Treasury Method. For the year ended December 31, 2017 there were no potential common shares. For the year ended December 31, 2016 potential common shares of 881,978, were anti-dilutive and were not included in the calculation. Basic and diluted net income per common share calculations follows:

(Amounts in Thousands, Except	For the years ended
Share and Per Share Data)	December 31,
	2017		2016
Net income	$	3,094	$	958
Weighted average shares outstanding		23,472,012		23,354,155
Weighted average dilutive shares outstanding		23,472,012		23,354,155
Basic and diluted income per share	$	0.13	$	0.04