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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (unaudited) - USD ($)
Total
Common Stock
Additional Paid-in Capital
Retained Earnings / (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2016 $ 81,283,787 $ 67,499,310 $ 4,611,973 $ 9,387,470 $ (214,966)
Beginning balance, shares at Dec. 31, 2016   12,896,548      
Net income 7,336,572     7,336,572  
Stock issued under stock-based compensation plans 329,550 $ 329,550      
Stock issued under stock-based compensation plans, shares   266,184      
Stock-based compensation 431,494   431,494    
Change in unrealized loss on securities available for sale net of reclassifications and tax effects 96,984       96,984
Ending balance at Sep. 30, 2017 89,478,387 $ 67,828,860 5,043,467 16,724,042 (117,982)
Ending balance, shares at Sep. 30, 2017   13,162,732      
Beginning balance at Dec. 31, 2017 91,479,950 $ 67,925,860 5,279,991 18,623,952 (349,853)
Beginning balance, shares at Dec. 31, 2017   13,190,527      
Net income 10,488,765     10,488,765  
Stock issued under stock offering, net of expenses 22,569,090 $ 22,569,090      
Stock issued under stock offering, net of expenses, shares   2,300,000      
Stock issued under stock-based compensation plans 514,050 $ 514,050      
Stock issued under stock-based compensation plans, shares   280,049      
Stock-based compensation 606,472   606,472    
Change in unrealized loss on securities available for sale net of reclassifications and tax effects (683,174)       (683,174)
Ending balance at Sep. 30, 2018 $ 124,975,153 $ 91,009,000 $ 5,886,463 $ 29,112,717 $ (1,033,027)
Ending balance, shares at Sep. 30, 2018   15,770,576