Note 8 - Earnings Per Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

8

–

Earnings

per Share

The calculation of basic and diluted weighted average common shares outstanding is as follows:

	2019		2018
Weighted average common shares outstanding basic earnings per share		6,562,141		6,495,597
Effect of potential common share issuance:
Stock options		-		-
Weighted average common shares outstanding
Diluted earnings per share		6,562,141		6,495,597

At

December 31, 2019,

stock options to purchase

432,930

shares of common stock were outstanding and

307,930

were exercisable. Stock options to purchase

407,930

shares of common stock were outstanding and

257,930

were exercisable at

December 31, 2018.

At

December 31, 2019

and

2018,

respectively,

307,930

and

257,930,

stock options were

not

included in the computation of diluted earnings per share because their effect was antidilutive.