Note 6 - Earnings Per Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

6

– Earnings Per Share

The Company’s calculation of earnings per share is as follows:

	Year ended December 31,
	2019		2018
Basic earnings per common share:
Net income	$	30,532	$	329,210
Weighted average basic shares outstanding		35,588,775		35,308,668
Basic income per common share	$	-	$	0.01
Dilutive earnings per common share:
Net income allocable to common shareholders	$	30,532	$	329,210
Weighted average shares outstanding - basic		35,588,775		35,308,668
Diluted effect:
Stock options		-		69,000
Unvested restricted stock		41,176		212,209
Weighted average dilutive shares outstanding		35,629,951		35,589,877
Dilutive income per common share	$	-	$	0.01

Diluted earnings per share for the years ended

December 31, 2019

and

2018

do

not

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

	Year ended December 31,
	2019		2018
Unvested restricted stock		100,000		80,000