The following information sets forth the computations of basic and diluted earnings per common share for the three and six months ended June 30, 2026 and 2025:


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025

Net income	$	3,076,025	$	3,358,314	$	7,329,375	$	6,457,751

Dividends paid on unvested restricted stock	(57,623)		(55,701)		(100,910)		(141,181)
Net income attributable to common shareholders	3,018,402		3,302,613		7,228,465		6,316,570
Divided by:
Basic weighted average shares of common stock outstanding	13,329,968		13,235,823		13,324,626		12,227,520
Weighted average unvested restricted stock	16,407		23,939		11,196		17,608
Diluted weighted average shares of common stock outstanding	13,346,375		13,259,762		13,335,822		12,245,128
Basic earnings per common share	$	0.23	$	0.25	$	0.54	$	0.52
Diluted earnings per common share	$	0.23	$	0.25	$	0.54	$	0.52

Diluted earnings per common share was computed using the treasury stock method for restricted stock. Diluted earnings per common share excluded 95,475 and 81,850 weighted average shares of unvested restricted stock due to anti-dilutive effect for the three and six months ended June 30, 2026, respectively, and 108,488 and 115,125 for the three and six months ended June 30, 2025, respectively.