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Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of net income used in the calculation of basic and diluted net income per share

The net income used in the calculation of basic and diluted net income per share is as follows:

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Three months ended June 30,

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Six months ended June 30,

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2025

2024

2025

2024

Net income

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$

1,551,461

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$

815,660

​

$

5,567,495

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$

2,322,556

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Schedule of weighted-average shares used in calculation of net income per share

In calculating the net income per share, basic and diluted, the following weighted-average shares were used:

​	​	​	​	​	​	​	​	​
​	​	Three months ended June 30,			​	Six months ended June 30,
​		2025		2024		2025		2024
Basic weighted-average number of shares outstanding	​	22,017,310	​	21,921,752	​	22,013,062	​	21,957,980
Unvested time-based restricted shares		185,005		107,723		142,567		29,162
Diluted weighted-average shares outstanding		22,202,315		22,029,475		22,155,629		21,987,142

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Schedule of anti-dilutive shares

The Company excluded the following shares from the diluted EPS because their inclusion would have been anti-dilutive.

​	​	​	​	​	​	​	​	​
​	​	Three months ended June 30,			​	Six months ended June 30,
​		2025		2024		2025		2024
Anti-dilutive unvested time-based restricted shares	​	367,421	​	492,463	​	411,203	​	512,389

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
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