Note 5 - Income Per Share

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

5

–

Income

Per

Share

Net income per common share information is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Basic earnings per common share:
Net income	$	37,029	$	29,005	$	274,161	$	195,537
Weighted average basic shares outstanding		35,568,775		35,555,742		35,308,668		35,246,893
Basic income per common share	$	-	$	-	$	0.01	$	0.01
Dilutive earnings per common share:
Net income allocable to common shareholders	$	37,029	$	29,005	$	274,161	$	195,537
Weighted average shares outstanding - basic		35,568,775		35,555,742		35,308,668		35,246,893
Diluted effect:
Stock options		76,347		82,200		70,364		75,400
Unvested restricted stock		231,418		224,263		215,773		202,564
Weighted average dilutive shares outstanding		35,876,540		35,862,205		35,594,805		35,524,857
Dilutive income per common share	$	-	$	-	$	0.01	$	0.01

Diluted net income per share for the

three

and

nine

months ended

September 30, 2018

and

2017

does

not

reflect the following potential common shares, as the effect would be antidilutive.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Unvested restricted stock		70,000		60,000		80,000		60,000