Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income Per Share

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Note 2 - Net Income Per Share
 3 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
2.
Net Income Per Share
 
Basic net income per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options and restricted stock awards, when dilutive.
 
The following is a reconciliation of the numerator and denominator of the net income per common share computations for the
three
months ended
December
31,
2016
and
2015:
 
    Three Months Ended December 31,
    2016   2015
Net income   $
876,930
     $
1,487,454
  
Weighted average common shares    
13,567,484
      
13,288,679
  
Dilutive potential common shares    
223,309
      
286,483
  
Weighted average dilutive common shares outstanding    
13,790,793
      
13,575,162
  
Net income per common share:                
Basic   $
0.06
     $
0.11
  
Diluted   $
0.06
     $
0.11