Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

  

NOTE 5. EARNINGS PER SHARE

 

The Company follows ASC 260, Earnings Per Share that requires the reporting of both basic and diluted earnings per share. Basic earnings per share is computed by dividing net income available to participating common stockholders by the weighted average number of participating common shares outstanding for the period.

Basic and diluted earnings per share attributable to common and restricted shares of common stock for the period were as follows:

 

    Three Months Ending     Six Months Ending  
    June 30,     June 30,  
    2021     2020     2021     2020  
Basic and diluted earnings per share                                
Common stock   $ 0.20     $ 0.15     $ 0.39     $ 0.24  
Restricted shares of common stock   $ 0.20     $ 0.15     $ 0.39     $ 0.23