Net Income per Share

9 Months Ended

Sep. 30, 2025

(7) Net Income per Share

Basic net income per share is based on the weighted average number of common shares outstanding. Diluted net income per share is based on the weighted average number of common shares outstanding and the dilutive effect of outstanding stock options.


	3 Months Ended September 30,				9 Months Ended September 30,

	2025		2024		2025		2024

Weighted average common shares outstanding – basic	10,767,501		10,722,401		10,767,501		10,722,401
Potential shares exercisable under stock option plans	279,348		255,500		311,033		257,133
Less: Shares which could be repurchased under treasury stock method	(198,242	)	(207,518	)	(225,555	)	(214,947	)
Weighted average common shares outstanding – diluted	10,848,607		10,770,383		10,852,979		10,764,587

For the three and nine months ended September 30, 2025, the computation of diluted net income per share excludes the effects of the assumed exercise of 568,900 and 536,900 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.

For the three and nine months ended September 30, 2024, the computation of diluted net income per share excludes the effects of the assumed exercise of 590,550 and 615,050 options, respectively, since their inclusion would be anti-dilutive as their exercise prices were above the average market value.

CREDITRISKMONITOR COM INC 10-Q