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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2024
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 six months ended June 30, 2024 and 2023 is as follows:

 

   2024   2023   2024   2023 
  

Three months ended

June 30,

  

Six months ended

June 30,

 
   2024   2023   2024   2023 
                 
Basic weighted average common shares
outstanding		   6,816,956    6,778,754    6,813,127    6,776,035 
Dilutive effect of options and unvested
restricted stock		   -    -    -    - 
Diluted weighted average shares outstanding   6,816,956    6,778,754    6,813,127    6,776,035 

 

At June 30, 2024, stock options to purchase 838,125 shares of common stock were outstanding and 416,875 were exercisable. At June 30, 2023, stock options to purchase 599,500 shares of common stock were outstanding and 297,500 were exercisable.

 

For the three and six months ended June 30, 2024 and 2023, all stock options were excluded in the computation of diluted earnings per share because their effect was antidilutive.