Note 3 - Net Income Per Share Computations

9 Months Ended

Sep. 30, 2024

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 nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30, 2024				For the Nine Months Ended September 30,
	2024		2023		2024		2023
Net income (numerator) amounts used for basic and diluted per share computations:	$	2,021,806	$	1,136,299	$	3,358,246	$	9,199,331
Weighted average shares (denominator) of common stock outstanding:
Basic		5,008,048		4,933,961		4,986,609		4,913,560
Plus dilutive effect of deferred stock awards		21,802		16,563		35,013		27,540
Diluted		5,029,850		4,950,524		5,021,622		4,941,100
Net income per common share:
Basic	$	0.40	$	0.23	$	0.67	$	1.87
Diluted		0.40		0.23		0.67		1.86