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NOTE 3 — EARNINGS PER SHARE
The following table presents a reconciliation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023, as follows:
| | | Three Months Ended | |
| | | March 31, | |
| | | 2024 | | | 2023 | |
| Basic earnings per share calculation: | | | | | | | | |
| Net income | | $ | 1,510 | | | $ | 769 | |
| Weighted average number of common shares outstanding | | | 21,594,664 | | | | 20,869,035 | |
| Basic net income per share | | $ | 0.07 | | | $ | 0.04 | |
| Diluted earnings per share calculation: | | | | | | | | |
| Net income | | $ | 1,510 | | | $ | 769 | |
| Weighted average number of common shares outstanding | | | 21,594,664 | | | | 20,869,035 | |
| Common stock equivalents: | | | | | | | | |
| Non-vested stock awards | | | 212,118 | | | | 517,979 | |
| Weighted average number of common shares outstanding | | | 21,806,782 | | | | 21,387,014 | |
| Diluted net income per share | | $ | 0.07 | | | $ | 0.04 | |
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