Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.21.2
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income (loss)

 

$

629,062

 

 

$

337,124

 

 

$

1,901,608

 

 

$

(41,444

)

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

10,601,521

 

 

 

9,277,043

 

 

 

9,757,458

 

 

 

9,269,834

 

Net effect of dilutive unvested restricted stock awards included for treasury stock method

 

 

33,486

 

 

 

13,941

 

 

 

29,859

 

 

 

 

Average number of common shares outstanding - diluted

 

 

10,635,006

 

 

 

9,290,984

 

 

 

9,787,317

 

 

 

9,269,834

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.06

 

 

$

0.04

 

 

$

0.19

 

 

$

(0.00

)

Diluted

 

$

0.06

 

 

$

0.04

 

 

$

0.19

 

 

$

(0.00

)