Earnings Per Share

3 Months Ended

Sep. 30, 2020

Earnings Per Share

Earnings Per Share

NOTE 3 – Earnings Per Share

Earnings per share is based on net income divided by the weighted average number of shares outstanding during the period. Earnings per share is presented for the three month periods ended September 30, 2020 and 2019.

	Three Months Ended		Three Months Ended
	September 30, 2020		September 30, 2019
Net income	$	1,778,848	567,896
Basic potential common shares
Weighted average shares outstanding		2,624,343	2,624,343
Basic weighted average shares outstanding		2,624,343	2,624,343
Diluted potential common shares		—	—
Diluted weighted average shares outstanding		2,624,343	2,624,343
Basic earnings per share	$	0.68	0.22
Diluted earnings per share	$	0.68	0.22