Quarterly report pursuant to Section 13 or 15(d)

Income Per Share of Common Stock

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Income Per Share of Common Stock
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Income Per Share of Common Stock

Note 7 – Income Per Share of Common Stock

Basic income per common share is computed by dividing net income by the weighted average number of common stock shares outstanding during the period. Diluted income per share reflects the potential dilution that could occur if common stock equivalents, such as stock options outstanding, were exercised into common stock that subsequently shared in the earnings of the Company.

As of March 31, 2019 and 2018, the Company had no common stock equivalents. The computation of the weighted average number of common stock shares outstanding excludes 3,291,238 and 2,362,418 shares of Treasury Stock for each of the three months ended March 31, 2019 and 2018, respectively.