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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2023
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 Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Net income |  | $ | 2,938,769 |  |  | $ | 2,057,723 |
Earnings and dividends allocated to participating securities |  |  | (24,425 | ) |  |  | (23,567 | )
Net income attributable to common stockholders |  | $ | 2,914,344 |  |  | $ | 2,034,156 |
Weighted average common shares outstanding: |  |  |  |  |  |
Average number of common shares outstanding - basic |  |  | 11,045,699 |  |  |  | 10,845,884 |
Net effect of dilutive unvested restricted stock awards included for treasury stock method |  |  | 41,518 |  |  |  | 54,157 |
Average number of common shares outstanding - diluted |  |  | 11,087,217 |  |  |  | 10,900,041 |
Earnings per common share |  |  |  |  |  |
Basic |  | $ | 0.26 |  |  | $ | 0.19 |
Diluted |  | $ | 0.26 |  |  | $ | 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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