Note 3 - Net Income Per Share Computations

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
Net income (numerator) amounts used for basic and diluted per share computations:	$	2,770,508	$	1,773,913
Weighted average shares (denominator) of common stock outstanding:
Basic		4,893,324		4,818,339
Plus dilutive effect of stock options		29,808		45,907
Diluted		4,923,132		4,864,247
Net income per common share:
Basic	$	0.57	$	0.37
Diluted		0.56		0.36