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Income Per Common Share (Tables)
3 Months Ended
Jun. 30, 2022
Income per common share:  
Schedule of Reconciliation of Basic and Diluted Net Income (loss) Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted net income per share for the three-month periods ended June 30, 2022 and 2021.

 

   2022   2021 
Net income  $1,298,672   $395,006 
           
Shares outstanding:          
Weighted average common shares outstanding – basic   2,149,416    2,076,756 
Effect of the assumed exercise of dilutive stock options   67,326    43,199 
Weighted average common shares outstanding – dilutive   2,216,742    2,119,955 
Income per common share:          
Basic  $0.60   $0.19 
Diluted  $0.59   $0.19