Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v3.19.1
EARNINGS PER SHARE INFORMATION
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 4 – EARNINGS PER SHARE INFORMATION
 
 
 
For The Three Months
 
 
 
Ended March 31,
 
 
 
2019
 
 
2018
 
Net Income
 
$
11,089,443
 
 
$
5,665,634
 
Basic Weighted-Average Shares Outstanding
 
 
63,229,710
 
 
 
56,415,673
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options
 
 
590,098
 
 
 
1,491,095
 
Restricted stock
 
 
172,741
 
 
 
42,621
 
Diluted Weighted-Average Shares Outstanding
 
 
63,992,549
 
 
 
57,949,389
 
Basic Income per Share
 
$
0.18
 
 
$
0.10
 
Diluted Income per Share
 
$
0.17
 
 
$
0.10
 
 
Stock options to purchase 993,500 shares of common stock and 326,200 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2019, as their effect would have been anti-dilutive. Stock options to purchase 583,500 shares of common stock were excluded from the computation of diluted earnings per share during the three months ended March 31, 2018, as their effect would have been anti-dilutive.