2024

2023

Numerator:

Net income

$

10,022,351

$

17,793,160

Denominator:

Denominator for basic earnings per share:

Weighted average shares outstanding

3,700,568

3,572,144

Effect of diluted employee stock options

397,981

85,553

Denominator for dilutive earnings per share

4,098,549

3,657,697

Basic earnings per share

$

2.71

$

4.98

Diluted earnings per share

$

2.45

$

4.86