Three Months Ended

June 30,

Six Months Ended

June 30,

2022

2021

2022

2021

Numerator:

Net income

$

103,959

$

2,627,107

$

445,892

$

2,830,009

Net income allocated to restricted stock award

10,521

226,630

43,773

243,205

Adjusted net income for basic earnings per share

$

93,438

$

2,400,477

$

402,119

$

2,586,804

Convertible note interest

—

43,177

—

88,755

Adjusted net income before interest for diluted earnings per share

$

93,438

$

2,443,654

$

402,119

$

2,675,559

Denominator: Weighted average shares outstanding used in computing net income per share:

Basic

7,219,646

7,128,768

7,225,641

6,808,339

Effect of dilutive stock options

423,669

819,680

462,339

826,387

Effect of convertible note weighted shares

—

958,904

—

958,904

Diluted

7,643,315

8,907,352

7,687,980

8,593,630

Net income per share applicable to common stockholders:

Basic

$

0.01

$

0.34

$

0.06

$

0.38

Diluted

$

0.01

$

0.27

$

0.05

$

0.31