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Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Equity Method Investments
Summary unaudited financial information of the affiliate as of and for the six months ended June 30, 2018 and 2017 is presented below.
 
Six Months Ended
June 30,
 
2018
 
2017
Current assets
$
149,804


$
143,100

Long-term assets
1,618,452


1,713,871

Current liabilities
108,406


77,280

Total equity
1,659,851


1,779,691

Total revenue
474,932


414,080

Net Income
79,127


60,751
Schedule of Earnings Per Share
The calculation of earnings per common share and diluted earnings per common share for the three and six months ended June 30, 2018 and June 30, 2017 is presented below.
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Net income
$
26,456

 
$
28,529

 
$
310,981

 
$
106,403

 
 
 
 
 

 

Weighted average common shares outstanding and diluted common shares outstanding
2,410,295

 
2,404,096

 
2,410,295

 
2,404,096

 
 
 
 
 

 

Basic earnings per common share
$
0.01

 
$
0.01

 
$
0.13

 
$
0.04

Diluted earnings per common share
$
0.01

 
$
0.01

 
$
0.13

 
$
0.04

 
 
 
 
 
 
 
 
Unearned ESOP shares are not considered outstanding and are therefore not taken into account when computing earnings per share. Unearned ESOP shares are presented as a reduction to stockholders’ equity and represent shares to be allocated to ESOP participants in future periods for services provided to the Company. ESOP shares that have been committed to be released are considered outstanding and included for the purposes of computing basic and diluted earnings per share.