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Earnings Per Common Share
 12 Months Ended
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.