XML 39 R27.htm IDEA: XBRL DOCUMENT v3.24.1
NET INCOME PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2023
Net Income per Share [Abstract]  
Computation of Basic and Diluted Net Income per Share
Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options:

   
2023
    
2022
  
             
Net income
  
$
1,695,053
    
$
1,360,238
  
                 
Weighted average common shares outstanding – basic
    
10,722,401
      
10,722,401
  
Potential shares exercisable under stock option plans
    
315,862
      
237,000
  
Less: Shares which could be repurchased under treasury stock method
    
(241,141
)
    
(198,511
)
Weighted average common shares outstanding – diluted
    
10,797,122
      
10,760,890
  
                 
Net income per share:
                
Basic
  
$
0.16
    
$
0.13
  
Diluted
  
$
0.16
    
$
0.13