Net Income per Share

3 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Net Income per Share

Note 5 – Net Income per Share

The following table sets forth the computation of basic and diluted net income per common share for the quarters ended December 31, 2025 and 2024:

	Quarter Ended December 31,
	2025		2024
Net Income	$	3,442,000	$	3,817,000
Weighted average common shares outstanding – basic and diluted		14,658,000		14,658,000
Net income per common share – basic and diluted	$	0.23	$	0.26

Basic net income per common share is based on the weighted-average number of shares outstanding. Diluted net income per common share is based on the sum of the weighted-average number of shares outstanding plus common stock equivalents. The weighted-average number of shares outstanding includes both common stock and Class B common stock. There were no equity compensation plans and arrangements previously approved by security holders as of December 31, 2025 and 2024 and thus no common stock equivalents as of December 31, 2025 and 2024.