v3.25.2
Net Income per Common Share Data
 6 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income per Common Share Data
Note 5 – Net Income per Common Share Data
The condensed consolidated financial statements include basic and diluted net income per common share information. The following table sets forth the computation of basic and diluted net income per common share for the quarters and six months ended March 31, 2025 and 2024:
 
     Quarter Ended March 31,      Six Months Ended March 31,  
     2025      2024      2025      2024  
Net Income
    $ 6,095,000      $ 6,222,000      $ 9,912,000      $ 10,548,000  
Weighted Average Common Shares Outstanding – basic and diluted
      14,658,000        14,658,000        14,658,000        14,658,000  
  
 
 
     
 
 
     
 
 
     
 
 
  
Net income per common share – basic and diluted
    $ 0.42      $ 0.42      $ 0.68      $ 0.72  
  
 
 
     
 
 
     
 
 
     
 
 
  
Basic net income per common share is based on the weighted-average number of shares outstanding. Diluted net income per common share is based on the sum of the weighted-average number of shares outstanding plus common stock equivalents. There were no equity compensation plans and arrangements previously approved by security holders as of March 31, 2025 and 2024 and thus no common stock equivalents as of March 31, 2025 and 2024.