EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE

Schedule of earning per share basic and diluted

The following table sets forth the elements of basic and diluted earnings per common share:

	Three months ended				Nine months ended
	September 30,				September 30,
	2019		2018		2019		2018
Numerator for basic and diluted earnings per common share:
Net income	$	136,000	$	541,000	$	5,798,000	$	911,000
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding		3,144,000		3,701,000		3,229,000		3,626,000
Dilutive securities (1)		49,000		83,000		60,000		112,000
Denominator for diluted earnings per share - weighted average common shares outstanding		3,193,000		3,784,000		3,289,000		3,738,000

(1)Dilutive securities consist of “in the money” stock options.

Schedule of weighted average of anti-dilutive stock options

The weighted average of anti-dilutive stock options outstanding was as follows:

	Three months ended		Nine months ended
	September 30,		September 30,
	2019	2018	2019	2018
Weighted average antidilutive stock options outstanding	57,000	—	24,000	16,000