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1. BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2018

Basis Of Presentation

Earnings Per Share

		Three months ended September 30,								Nine months ended September 30,
		2018				2017				2018				2017
Numerator
Net income		$	641,637			$	624,583			$	1,775,347			$	1,533,214
Accrued preferred stock dividends			(256,438	)			(196,587	)			(767,770	)			(460,253	)
Net income applicable to common shares		$	385,199			$	427,996			$	1,007,577			$	1,072,961
Denominator
Weighted average common shares			4,964,529				4,976,732				4,964,529				4,992,189
Income per common share
after preferred dividends		$	0.08			$	0.09			$	0.20			$	0.21

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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