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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2017
EARNINGS PER SHARE |
EARNINGS PER SHARE | Note 15. Earnings Per Common Share The calculation of net income per common share for the years ended December 31, 2017 and 2016 are as follows:
|  | Year Ended |
|  | December 31, |
|  | 2017 |  | 2016 |
Basic earnings per share: |  |  |  |  |  |  |
Net income |  | $ | 911,052 |  | $ | 1,100,720 |
Weighted average common shares outstanding |  |  | 2,794,381 |  |  | 2,780,477 |
Basic net income per share |  | $ | 0.33 |  | $ | 0.40 |
Diluted earnings per share calculations were not required for 2017 and 2016 as there were no options outstanding at December 31, 2017 and 2016.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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