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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 8,875,451 $ 9,792,784 $ 17,497,129 $ 19,804,425
Cost of goods sold 7,327,481 7,504,350 14,287,396 15,172,986
Gross profit 1,547,970 2,288,434 3,209,733 4,631,439
Selling and administrative expenses 1,306,665 1,411,969 2,649,361 2,876,687
Operating profit 241,305 876,465 560,372 1,754,752
Other income 49,254 37,627 98,029 71,128
Income before income taxes 290,559 914,092 658,401 1,825,880
Provision for income taxes 61,000 211,000 142,000 415,000
Net income $ 229,559 $ 703,092 $ 516,401 $ 1,410,880
Per share data, basic and diluted:        
Net income per share $ 0.24 $ 0.73 $ 0.54 $ 1.46
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.22 $ 0.21 $ 0.74 $ 0.72