EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 7: EARNINGS PER SHARE

The calculation of basic and diluted weighted average common shares outstanding for the three and nine months ended September 30, 2024 and 2023 is as follows:

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Basic weighted average common shares outstanding		6,825,495		6,789,487		6,817,220		6,787,415
Dilutive effect of unvested restricted stock		9,132		-		-		-
Diluted weighted average shares outstanding		6,834,627		6,789,487		6,817,220		6,787,415

At September 30, 2024, stock options to purchase 838,125 shares of common stock were outstanding and 493,750 were exercisable.

For the three and nine months ended September 30, 2024 and the three and nine months ended September 30, 2023, all stock options were excluded in the computation of diluted earnings per share because their effect was antidilutive.