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Note 9 - Earnings Per Common Share - Summary of Basic and Diluted Earnings Per Common Share (Details) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net income for the period $ 2,446,491 $ 4,438,238
Basic weighted average number of common shares outstanding (in shares) 10,474,647 10,674,036
Effect of outstanding stock options (in shares) 301,868 187,546
Diluted weighted average number of shares outstanding (in shares) 10,776,515 10,861,582
Basic earnings per common share (in dollars per share) $ 0.23 $ 0.42
Diluted earnings per common share (in dollars per share) $ 0.23 $ 0.41