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, 2018
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, 2018
and
2017:
 
    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