EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 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				Six months ended
	June 30,				June 30,
	2019		2018		2019		2018
Numerator for basic and diluted earnings per common share:
Net income	$	5,688,000	$	305,000	$	5,662,000	$	370,000
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding		3,163,000		3,592,000		3,271,000		3,588,000
Dilutive securities (1)		67,000		90,000		66,000		126,000
Denominator for diluted earnings per share - weighted average common shares outstanding		3,230,000		3,682,000		3,337,000		3,714,000

(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		Six months ended
	June 30,		June 30,
	2019	2018	2019	2018
Weighted average antidilutive stock options outstanding	8,000	—	8,000	25,000