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Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Common stock
Treasury Shares
Additional paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Total
Balance at Dec. 31, 2020 $ 131,730,401   $ 7,879,119 $ 9,820,647 $ (80,410,724) $ 69,019,443
Balance (in shares) at Dec. 31, 2020 23,985,799          
Increase (Decrease) in Stockholders' Equity            
Net income         2,735,567 2,735,567
Stock-based compensation expenses     202,499     202,499
Buyback of common shares   $ (492,479)       (492,479)
Buyback of common shares (in shares)   (123,200)        
Other comprehensive income       242   242
Balance at Mar. 31, 2021 $ 131,730,401 $ (492,479) 8,081,618 9,820,889 (77,675,157) 71,465,272
Balance (in shares) at Mar. 31, 2021 23,985,799 (123,200)        
Balance at Dec. 31, 2020 $ 131,730,401   7,879,119 9,820,647 (80,410,724) 69,019,443
Balance (in shares) at Dec. 31, 2020 23,985,799          
Balance at Dec. 31, 2021 $ 131,815,739 $ (2,423,007) 8,835,203 9,818,605 (68,783,207) 79,263,333
Balance (in shares) at Dec. 31, 2021 24,202,218 (534,015)        
Balance at Mar. 31, 2021 $ 131,730,401 $ (492,479) 8,081,618 9,820,889 (77,675,157) 71,465,272
Balance (in shares) at Mar. 31, 2021 23,985,799 (123,200)        
Increase (Decrease) in Stockholders' Equity            
Net income         (485,025) (485,025)
Stock-based compensation expenses     236,041     236,041
Buyback of common shares   $ (568,989)       (568,989)
Buyback of common shares (in shares)   (141,015)        
Other comprehensive income       (1,484)   (1,484)
Balance at Jun. 30, 2021 $ 131,730,401 $ (1,061,468) 8,317,659 9,819,405 (78,160,182) 70,645,816
Balance (in shares) at Jun. 30, 2021 23,985,799 (264,215)        
Balance at Dec. 31, 2021 $ 131,815,739 $ (2,423,007) 8,835,203 9,818,605 (68,783,207) 79,263,333
Balance (in shares) at Dec. 31, 2021 24,202,218 (534,015)        
Increase (Decrease) in Stockholders' Equity            
Net income         5,805,888 5,805,888
Dividends         (1,483,027) (1,483,027)
Stock-based compensation expenses     142,302     142,302
Exercise of stock options $ 209,312         209,312
Exercise of stock options (in shares) 38,750          
Retirement of treasury shares $ (2,423,007) $ 2,423,007        
Retirement of treasury shares (in shares) (534,015) 534,015        
Other comprehensive income       5,402   5,402
Balance at Mar. 31, 2022 $ 129,602,044   8,977,505 9,824,007 (64,460,346) 83,943,210
Balance (in shares) at Mar. 31, 2022 23,706,953          
Balance at Dec. 31, 2021 $ 131,815,739 $ (2,423,007) 8,835,203 9,818,605 (68,783,207) $ 79,263,333
Balance (in shares) at Dec. 31, 2021 24,202,218 (534,015)        
Increase (Decrease) in Stockholders' Equity            
Purchase of treasury shares (shares)           (697,100)
Balance at Jun. 30, 2022 $ 127,093,520 $ (1,646,823) 9,171,555 9,804,857 (55,364,008) $ 89,059,101
Balance (in shares) at Jun. 30, 2022 23,356,453 (274,100)        
Balance at Mar. 31, 2022 $ 129,602,044   8,977,505 9,824,007 (64,460,346) 83,943,210
Balance (in shares) at Mar. 31, 2022 23,706,953          
Increase (Decrease) in Stockholders' Equity            
Net income         10,582,988 10,582,988
Dividends         (1,486,650) (1,486,650)
Stock-based compensation expenses     194,050     194,050
Exercise of stock options $ 399,475         399,475
Exercise of stock options (in shares) 72,500          
Retirement of treasury shares $ (2,907,999) $ 2,907,999        
Retirement of treasury shares (in shares) (423,000) 423,000        
Buyback of common shares   $ (4,554,822)       $ (4,554,822)
Buyback of common shares (in shares)   (697,100)       (423,000)
Other comprehensive income       (19,150)   $ (19,150)
Balance at Jun. 30, 2022 $ 127,093,520 $ (1,646,823) $ 9,171,555 $ 9,804,857 $ (55,364,008) $ 89,059,101
Balance (in shares) at Jun. 30, 2022 23,356,453 (274,100)