Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

Earnings Per Common Share

Earnings Per Common Share

Note 15. Earnings Per Common Share

The calculation of net income per common share for the years ended December 31, 2018 and 2017 are as follows:

	Year Ended
	December 31,
	2018		2017
Basic earnings per share:
Net income	$	1,582,604	$	911,052
Weighted average common shares outstanding		2,808,031		2,794,381
Basic net income per share	$	0.56	$	0.33

Diluted earnings per share calculations were not required for 2018 and 2017 as there were no options outstanding at December 31, 2018 and 2017.