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EARNINGS PER SHARE OF COMMON STOCK
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE OF COMMON STOCK

NOTE 11 – EARNINGS PER SHARE OF COMMON STOCK

 

The computation of earnings per share of common stock is based on the weighted average number of shares outstanding at the date of these unaudited condensed consolidated financial statements. The fully diluted earnings per share includes 16,000 shares of Series A convertible preferred stock, as disclosed in “Note 10 – STOCKHOLDERS’ EQUITY” of this Part I, Item 1 Notes to Condensed Consolidated Financial Statements (Unaudited).

 

Basic and Diluted Net Income Per Share calculation 

For the Three months Ended

June 30,

   For the Six months Ended
June 30,		 
   2026   2025   2026   2025 
Net Income to common stockholders  $327,008   $636,907   $520,677   $929,570 
Weighted average shares outstanding, basic   12,800,000    12,800,000    12,800,000    12,800,000 
Basic Net Income per share  $0.03   $0.05   $0.04   $0.07 
                     
Weighted average shares outstanding, diluted   12,816,000    12,816,000    12,816,000    12,816,000 
Diluted Net Income per share  $0.03   $0.05   $0.04   $0.07 

 

For the three and six months ended June 30, 2026 and 2025, there were common stock equivalents related to convertible preferred stock that had a dilutive effect of 16,000 shares.