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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 8,188,905 $ 8,856,049 $ 25,686,034 $ 28,660,474
Cost of goods sold 6,539,138 7,221,815 20,826,534 22,394,801
Gross profit 1,649,767 1,634,234 4,859,500 6,265,673
Selling and administrative expenses 1,282,149 1,308,884 3,931,510 4,185,571
Operating profit 367,618 325,350 927,990 2,080,102
Other income 47,179 38,399 145,208 109,527
Income before income taxes 414,797 363,749 1,073,198 2,189,629
Provision for income taxes 99,000 76,000 241,000 491,000
Net income $ 315,797 $ 287,749 $ 832,198 $ 1,698,629
Per share data, basic and diluted:        
Net income per share $ 0.32 $ 0.30 $ 0.86 $ 1.76
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.22 $ 0.21 $ 0.96 $ 0.93