Income Per Common Share (Tables)

3 Months Ended

Jun. 30, 2024

Income per common share:

Schedule of Reconciliation of Basic and Diluted Net Income (loss) Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted net income per share for the three-month periods ended June 30, 2024 and 2023.

	2024		2023
Net income	$	291,039	$	465,614
Shares outstanding:
Weighted average common shares outstanding – basic		2,090,786		2,136,165
Effect of the assumed exercise of dilutive stock options		44,635		46,635
Weighted average common shares outstanding – dilutive		2,135,421		2,182,800
Income per common share:
Basic	$	0.14	$	0.22
Diluted	$	0.14	$	0.21