For the Three Months Ended March 31,

2025

2024

Net income

$

555,152

$

266,150

Earnings and dividends allocated to participating securities

(10,331

)

(5,734

)

Net income attributable to common stockholders

$

544,821

$

260,416

Weighted average common shares outstanding:

Average number of common shares outstanding - basic

11,140,788

11,073,439

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

64,066

37,524

Average number of common shares outstanding - diluted

11,204,854

11,110,963

Earnings per common share

Basic

$

0.05

$

0.02

Diluted

$

0.05

$

0.02