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Note 9 - Basic and Diluted Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Three months ended March 31,
		2018				2017
Numerator for basic and diluted earnings per common share:
Net income for the period		$	3,743,692			$	2,446,491
Denominator for basic and diluted earnings per common share:
Basic weighted average number of common shares outstanding			10,588,718				10,474,647
Effect of outstanding stock options			203,895				301,868
Diluted weighted average number of shares outstanding			10,792,613				10,776,515
Basic earnings per common share		$	0.35			$	0.23
Diluted earnings per common share		$	0.35			$	0.23

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- References

No definition available.

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