Note 3 - Net Income Per Share Computations

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

3.    NET INCOME PER SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income (numerator) amounts used for basic and diluted per share computations:	$	1,755,069	$	1,869,084	$	3,528,982	$	2,420,577
Weighted average shares (denominator) of common stock outstanding:
Basic		4,846,216		4,766,824		4,832,278		4,760,660
Plus dilutive effect of stock options		28,123		—		31,453		8
Diluted		4,874,339		4,766,824		4,863,731		4,760,668
Net income per common share:
Basic	$	0.36	$	0.39	$	0.73	$	0.51
Diluted		0.36		0.39		0.73		0.51