Earnings Per Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

13. Earnings Per Share

The calculation of earnings per share follows:

	2018		2017
Numerator:
Net income	$	4,598,350	$	4,052,479
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding		3,370,744		3,356,383
Effect of dilutive employee stock options		171,166		368,220
Denominator for dilutive earnings per share		3,541,910		3,724,603
Basic earnings per share	$	1.36	$	1.21
Dilutive earnings per share	$	1.30	$	1.09

For 2018 and 2017, respectively, 692,600 and 205,500 stock options were excluded from diluted earnings per share calculations because they would have been anti-dilutive.