XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 8,567,785 $ 8,555,731 $ 26,788,879 $ 26,225,070
Cost of goods sold 7,447,877 7,069,700 22,366,372 21,027,525
Gross profit 1,119,908 1,486,031 4,422,507 5,197,545
Operating (income) expenses        
Selling and administrative expenses 1,250,385 1,290,046 3,809,970 3,936,995
Gain on sale of property (4,738,394) 0 (4,738,394) 0
Total operating (income) expenses (3,488,009) 1,290,046 (928,424) 3,936,995
Operating profit 4,607,917 195,985 5,350,931 1,260,550
Other income 13,143 11,674 35,346 43,744
Income before income taxes 4,621,060 207,659 5,386,277 1,304,294
Provision for income taxes 1,042,000 35,000 1,206,000 272,000
Net income $ 3,579,060 $ 172,659 $ 4,180,277 $ 1,032,294
Per share data        
Basic net income per share $ 3.71 $ 0.18 $ 4.33 $ 1.07
Diluted net income per share $ 3.71 $ 0.18 $ 4.33 $ 1.07
Basic 966,132 966,132 966,132 966,132
Diluted 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.22 $ 0.22 $ 0.66 $ 0.66