Net Income Per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Net Income Per Share

13.    Net Income Per Share

Basic net income per share is computed on the basis of the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed based upon the weighted-average number of common shares outstanding during the period plus the assumed issuance of common shares for all potentially dilutive securities.

The net income used in the calculation of basic and diluted net income per share is as follows:

	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Net income	$	1,072,295	$	366,021	$	6,639,790	$	2,688,577

In calculating the net income per share, basic and diluted, the following weighted-average shares were used:

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Basic weighted-average number of shares outstanding	22,017,310	21,948,519	22,028,248	21,954,803
Unvested time-based restricted shares	142,222	206,773	141,975	46,078
Diluted weighted-average shares outstanding	22,159,532	22,155,292	22,170,223	22,000,881

The Company excluded the following shares from the diluted EPS because their inclusion would have been anti-dilutive.

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Anti-dilutive unvested time-based restricted shares	369,387	408,816	399,441	478,005