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Note 8 - Earnings Per Share | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 8 – Earnings per Share The calculation of basic and diluted weighted average common shares outstanding is as follows:
|  | 2019 |  |  | 2018 |
Weighted average common shares outstanding basic earnings per share |  |  | 6,562,141 |  |  |  | 6,495,597 |
Effect of potential common share issuance: |  |  |  |  |  |  |  |
Stock options |  |  | - |  |  |  | - |
Weighted average common shares outstanding |  |  |  |  |  |  |  |
Diluted earnings per share |  |  | 6,562,141 |  |  |  | 6,495,597 |
At December 31, 2019, stock options to purchase 432,930 shares of common stock were outstanding and 307,930 were exercisable. Stock options to purchase 407,930 shares of common stock were outstanding and 257,930 were exercisable at December 31, 2018. At December 31, 2019 and 2018, respectively, 307,930 and 257,930, stock options were not included in the computation of diluted earnings per share because their effect was antidilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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