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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net income |  | $ | 929,864 |  |  | $ | 629,062 |  |  | $ | 1,617,271 |  |  | $ | 1,901,608 |
Earnings and dividends allocated to participating securities |  |  | (6,227 | ) |  |  | (6,929 | ) |  |  | (17,955 | ) |  |  | (18,494 | )
Net income attributable to common stockholders |  | $ | 923,637 |  |  | $ | 622,133 |  |  | $ | 1,599,316 |  |  | $ | 1,883,114 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Average number of common shares outstanding - basic |  |  | 10,924,646 |  |  |  | 10,601,521 |  |  |  | 10,785,362 |  |  |  | 9,757,458 |
Net effect of dilutive unvested restricted stock awards included for treasury stock method |  |  | 53,354 |  |  |  | 33,485 |  |  |  | 57,153 |  |  |  | 29,859 |
Average number of common shares outstanding - diluted |  |  | 10,978,000 |  |  |  | 10,635,006 |  |  |  | 10,842,515 |  |  |  | 9,787,317 |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | 0.06 |  |  | $ | 0.15 |  |  | $ | 0.19 |
Diluted |  | $ | 0.08 |  |  | $ | 0.06 |  |  | $ | 0.15 |  |  | $ | 0.19 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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