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Note 2 - Earnings Per Share - Weighted Average Shares Used in Basic and Dilutive Earnings Per Share Computations (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Income $ 1,008,000 $ 802,000 $ 2,171,000 $ 1,880,000
Weighted average shares outstanding – basic (in shares) 1,982,697 1,966,003 1,975,111 1,953,367
Effect of dilutive common stock equivalents (in shares) 28,118 45,572 35,537 46,427
Adjusted weighted average shares outstanding – diluted (in shares) 2,010,815 2,011,575 2,010,648 1,999,794
Basic earnings per share (in dollars per share) $ 0.51 $ 0.41 $ 1.10 $ 0.96
Diluted earnings per share (in dollars per share) $ 0.50 $ 0.40 $ 1.08 $ 0.94