XML 14 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Condensed Consolidated Statements of Income        
Net sales $ 9,820,730 $ 9,206,174 $ 19,417,125 $ 18,489,965
Cost of goods sold 7,211,820 6,958,664 14,379,598 14,148,590
Gross profit 2,608,910 2,247,510 5,037,527 4,341,375
Selling and administrative expenses 1,449,902 1,408,854 2,908,621 2,834,679
Operating profit 1,159,008 838,656 2,128,906 1,506,696
Other income 16,051 10,305 29,210 20,738
Income before provision for income taxes 1,175,059 848,961 2,158,116 1,527,434
Provision for income taxes 380,000 278,000 716,000 494,000
Net income $ 795,059 $ 570,961 $ 1,442,116 $ 1,033,434
Per share data, basic and diluted:        
Net income per share $ 0.82 $ 0.59 $ 1.49 $ 1.07
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.18 $ 0.18 $ 0.61 $ 0.61