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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share for years ended December 31, 2021 and 2020:

 

   2021   2020 
   Years Ended December 31, 
   2021   2020 
Numerator          
Net income, as reported  $36,658,564   $42,478,529 
           
Denominator          
Weighted average shares, basic   28,874,555    26,720,133 
Dilutive effect of stock options, warrants and RSUs   1,029,131    1,280,208 
Shares used to compute diluted earnings per share   29,903,686    28,000,341 
           
Basic earnings per share  $1.27   $1.59 
Diluted earnings per share  $1.23   $1.52