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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 7: EARNINGS PER SHARE

 

The calculation of basic and diluted weighted average common shares outstanding for the three and nine months ended September 30, 2023 and 2022 is as follows:

 

   2023   2022   2023   2022 
  

Three months ended

September 30,

  

Nine months ended

September 30,

 
   2023   2022   2023   2022 
                 
Basic weighted average common shares outstanding   6,789,487    6,736,764    6,787,415    6,730,263 
Dilutive effect of options and unvested restricted stock   -    3,928    -    - 
Diluted weighted average shares outstanding   6,789,487    6,740,692    6,787,415    6,730,263 

 

At September 30, 2023, stock options to purchase 873,875 shares of common stock were outstanding and 349,375 were exercisable. At September 30, 2022, stock options to purchase 678,000 shares of common stock were outstanding and 290,500 were exercisable.

 

Except for the three months ended September 30, 2022, all stock options were excluded in the computation of diluted earnings per share because their effect was antidilutive.