Note 7 - Earnings Per Share

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 7:        EARNINGS PER SHARE

The calculation of basic and diluted weighted average common shares outstanding for the three months ended March 31, 2023 and 2022 is as follows:

	Three months ended March 31,
	2023		2022
Basic weighted average common shares outstanding		6,773,285		6,725,042
Effect of potentially dilutive share-based awards		-		-
Diluted weighted average shares outstanding		6,773,285		6,725,042

At March 31, 2023, stock options to purchase 899,500 shares of common stock were outstanding and 252,375 were exercisable. At March 31, 2022, stock options to purchase 628,500 shares of common stock were outstanding and 285,000 were exercisable.

For the three months ended March 31, 2023 and 2022, 899,500 and 628,500 of stock options, respectively, were not included in the computation of diluted earnings per share because their effect was antidilutive.