XML 14 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Condensed Consolidated Statements of Income        
Net sales $ 9,435,508 $ 9,820,730 $ 18,918,835 $ 19,417,125
Cost of goods sold 7,366,100 7,211,820 14,592,916 14,379,598
Gross profit 2,069,408 2,608,910 4,325,919 5,037,527
Selling and administrative expenses 1,420,575 1,449,902 2,926,847 2,908,621
Operating profit 648,833 1,159,008 1,399,072 2,128,906
Other income 22,522 16,051 43,205 29,210
Income before provision for income taxes 671,355 1,175,059 1,442,277 2,158,116
Provision for income taxes 209,000 380,000 469,000 716,000
Net income $ 462,355 $ 795,059 $ 973,277 $ 1,442,116
Per share data, basic and diluted:        
Net income per share $ 0.48 $ 0.82 $ 1.01 $ 1.49
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.20 $ 0.18 $ 0.75 $ 0.61