XML 20 R11.htm IDEA: XBRL DOCUMENT v3.22.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2022
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 3 – EARNINGS PER SHARE

Basic earnings per common share (“EPS”) is computed by dividing net income available to common shareholders by the weighted average common shares outstanding during the period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted average common shares outstanding, plus the effect of common stock equivalents (for example, stock options computed using the treasury stock method).

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

​

March 31, 

​

​

    

2022

    

2021

    

Basic and diluted earnings per share:

​

​

​

​

​

​

​

Net income

​

$

230,733

​

$

593,993

​

Weighted average common shares outstanding

​

 

2,855,253

​

 

2,843,775

​

Basic and dilutive net income per share

​

$

0.08

​

$

0.21

​

​

Diluted earnings per share calculations were not required for the three-month period ended March 31, 2022 and 2021, as there were no stock options outstanding.