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Earnings Per Common Share

12 Months Ended

Dec. 31, 2022

Earnings Per Common Share

Earnings Per Common Share

Note 14. Earnings Per Common Share

The calculation of net income per common share for the years ended December 31, 2022 and 2021 are as follows:

​

​	​	​	​	​	​	​	​
​	​	Year Ended					​
​	​	December 31,					​
​		2022			2021
Basic earnings per share:	​	​	​	​	​	​	​
Net income	​	$	1,745,182	​	$	2,516,387	​
Weighted average common shares outstanding	​		2,859,239	​		2,848,465	​
Basic net income per share	​	$	0.61	​	$	0.88	​

​

Diluted earnings per share calculations were not required for 2022 and 2021 as there were no options outstanding at December 31, 2022 and 2021.

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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