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NET INCOME PER SHARE
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

10 - NET INCOME PER SHARE

 

   Year ended December 31, 
   2024   2023 
Numerator for basic and diluted net income per Class A common stock and Class B common stock share:        
Net income attributable to shareholders  $902,000   $1,845,000 
Less cash dividends:          
Class A common stock  $1,052,000   $1,049,000 
Class B common stock  $152,000   $152,000 
Total undistributed (losses)earnings  $(302,000)  $644,000 
           
Class A common stock undistributed (losses)earnings - basic and diluted  $151,000   $562,000 
Class B common stock undistributed earnings - basic and diluted  $22,000   $82,000 
Total undistributed earnings - basic and diluted  $173,000   $644,000 
           
Numerator for basic and diluted net income per share:          
Class A common stock  $1,203,000   $1,611,000 
Class B common stock  $174,000   $234,000 
   $1,377,000   $1,845,000 

 

   Year ended December 31, 
   2024   2023 
Denominator for basic and diluted net income per Class A common stock and Class B common stock share:        
Weighted average number of common shares used in basic income per share (Class A common stock )   5,258,568    5,242,665 
Weighted average number of common shares used in basic income per share (Class B common stock )   762,612    762,612 
    6,021,180    6,005,277 
           
Weighted average number of common shares used in diluted income per share (Class A common stock )   5,258,568    5,267,665 
Weighted average number of common shares used in diluted income per share (Class B common stock )   762,612    762,612 
    6,021,180    6,030,277 
Basic net income per share:          
Class A common stock  $0.15   $0.31 
Class B common stock  $0.15   $0.31 
           
Diluted net income per share:          
Class A common stock  $0.15   $0.31 
Class B common stock  $0.15   $0.31