Note 8 - Earnings Per Share

12 Months Ended

Dec. 31, 2021

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:

	2021		2020
Weighted average common shares outstanding basic earnings per share		6,688,087		6,640,272
Effect of potential common share issuance:
Dilutive effect of Stock options and unvested shares		15,622		-
Weighted average common shares outstanding
Diluted earnings per share		6,703,709		6,640,272

At December 31, 2021, stock options to purchase 618,500 shares of common stock were outstanding and 265,000 were exercisable. Stock options to purchase 417,000 shares of common stock were outstanding and 377,000 were exercisable at December 31, 2020. At December 31, 2021 and 2020, respectively, 287,000 and 417,000, stock options were not included in the computation of diluted earnings per share because their effect was antidilutive.