Note 3 - Net Income Per Share Computations

9 Months Ended

Sep. 30, 2026

3. NET INCOME PER SHARE COMPUTATIONS

The following is a reconciliation of the numerator and denominator of the earnings per common share computations for the three and nine months ended September 30, 2026 and 2025:

	*Three Months Ended September 30,*				*For the Nine Months Ended September 30,*
	*2026*		*2025*		*2026*		*2025*
Net income (loss) (numerator) amounts used for basic and diluted per share computations:	$	959,165	$	487,283	$	980,967	$	(139,333	)

Weighted average shares (denominator) of common stock outstanding:
Basic		5,183,550		5,086,172		5,154,253		5,062,060
Plus dilutive effect of deferred stock awards		24,806		14,912		37,547		—
Diluted		5,208,356		5,101,084		5,191,800		5,062,060

Net income (loss) per common share:
Basic	$	0.19	$	0.10	$	0.19	$	(0.03	)
Diluted		0.18		0.10		0.19		(0.03	)

For the nine months ended September 30, 2025, 29,630 shares have been excluded from the calculation of diluted weighted average shares outstanding as the inclusion of these shares would have an anti-dilutive effect.