Annual report pursuant to Section 13 and 15(d)

Income Per Share of Common Stock

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Income Per Share of Common Stock
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Income Per Share of Common Stock
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 December 31, 2018 and 2017, the Company had no common stock equivalents. The computation of the weighted average number of common stock shares outstanding excludes 3,223,529 and 2,362,418 shares of Treasury Stock for the years ended December 31, 2018 and 2017, respectively.