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Exhibit 11
CRAWFORD UNITED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND SHARE EQUIVALENTS
Years Ended, | December 31, 2020 | December 31, 2019 | ||||||
NET INCOME | ||||||||
Net income applicable to common shares for basic earnings per share | $ | 5,839,387 | $ | 6,979,863 | ||||
Net Income applicable to common shares for diluted earnings per share | $ | 5,839,387 | $ | 6,979,863 | ||||
SHARES OUTSTANDING | ||||||||
Weighted average shares for basic earnings per share | 3,319,731 | 2,849,239 | ||||||
Net effect of dilutive options available under convertible note - based on the treasury stock method using year-end market price, if higher than average market price | 822 | 428,618 | ||||||
Total shares for diluted earnings per share | 3,320,553 | 3,277,857 | ||||||
Basic Earnings Per Common Share | $ | 1.76 | $ | 2.45 | ||||
Diluted Earnings Per Common Share | $ | 1.76 | $ | 2.13 |
* Net effect of stock options was antidilutive for the period. |