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 months ended and

 

		Three Months Ended December 31,
		2018				2017
Net income		$	1,009,960			$	943,158
Weighted average common shares			13,400,383				13,443,945
Dilutive potential common shares			-				32,472
Weighted average dilutive common shares outstanding			13,400,383				13,476,417
Net income per common share:
Basic		$	0.08			$	0.07
Diluted		$	0.08			$	0.07