Earnings Per Common Share

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 are as follows:

	Year Ended
	December 31,
	2019		2018
Basic earnings per share:
Net income	$	1,598,632	$	1,582,604
Weighted average common shares outstanding		2,821,608		2,808,031
Basic net income per share	$	0.57	$	0.56

Diluted earnings per share calculations were not required for 2019 and 2018 as there were no options outstanding at December 31, 2019 and 2018.