Net Income Per Share

12 Months Ended

Dec. 31, 2019

Net Income Per Share

Net Income Per Share

11. 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 are as follows:

	Year ended December 31,
	2019		2018
Net income available to shareholders	$	8,697,999	$	6,662,060

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

	Year ended December 31,
	2019	2018
Basic weighted-average number of shares outstanding	27,129,430	27,462,788
Dilutive stock options	—	11,337
Diluted weighted average shares outstanding	27,129,430	27,474,125

We excluded the following shares from the diluted EPS because their inclusion would have been anti‑dilutive.

	Year ended December 31,
	2019	2018
Anti-dilutive options	206,670	279,413
Anti-dilutive unvested restricted shares	346,499	282,833
Total Anti-dilutive shares	553,169	562,246