SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies - Schedule of Computation of Dilutive Common Share Equivalents Under Treasury Stock Method

The following table illustrates the computation of the dilutive common share equivalents under the Treasury Stock Method:  

Treasury Stock Method Calculation
Total Shares Outstanding		41,267,286
Potential Incremental Shares:
Average Exercise Price	$	0.23
Current Market Price	$	0.90
Shares eligible for Purchase		3,575,000
Average Price Received	$	808,861
Shares at Market Price		898,734
Incremental Shares under Treasury Stock Method		2,676,266

Summary of Significant Accounting Policies -Schedule of Earnings Per Share, Basic and Diluted

The following table reconciles the shares outstanding and net income used in the computations of both basic and diluted earnings per share of common stockholders:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net income	$	319,836	$	19,953	$	428,199	$	262,835
Weighted average shares outstanding during period on which basic earnings per share is calculated		40,899,569		40,692,286		40,758,495		40,692,286
Effect of dilutive shares
Incremental shares under stock option grants		2,676,266		3,400,000		2,676,266		3,400,000
Weighted average shares outstanding during period on which diluted earnings per share is calculated		43,565,835		44,092,286		43,434,761		44,092,286
Earnings per share attributable to common stockholders
Basic earnings per share	$	0.01	$	0.00	$	0.01	$	0.01
Diluted earnings per share	$	0.01	$	0.00	$	0.01	$	0.01