NET INCOME PER SHARE

12 Months Ended

Dec. 31, 2025

NOTE 10 - NET INCOME PER SHARE

Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options.


	2025 (As Restated)			2024 (As Restated)

Net income	$	511,161		$	1,306,593

Weighted average common shares outstanding – basic		10,756,257			10,722,401
Potential shares exercisable under stock option plans		281,492			279,726
Less: Shares which could be repurchased under treasury stock method		(198,988	)		(219,505	)
Weighted average common shares outstanding – diluted		10,838,761			10,782,622

Net income per share:
Basic	$	0.05		$	0.12
Diluted	$	0.05		$	0.12

For fiscal 2025, the computation of diluted net income per share excludes the effects of 586,300 stock options, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.

For fiscal 2024, the computation of diluted net income per share excludes the effects of 501,400 stock options, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.