XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Condensed Consolidated Statements of Operations (Unaudited)        
Net sales $ 8,050,931 $ 9,023,398 $ 16,780,656 $ 18,221,094
Cost of goods sold 8,379,967 7,577,021 16,632,189 14,918,495
Gross profit (329,036) 1,446,377 148,467 3,302,599
Selling and administrative expenses 1,359,465 1,263,921 2,617,160 2,559,585
Operating profit (loss) (1,688,501) 182,456 (2,468,693) 743,014
Other income 22,995 12,448 66,050 22,203
Income (loss) before income taxes (1,665,506) 194,904 (2,402,643) 765,217
Provision (benefit) for income taxes (354,000) 41,000 (508,000) 164,000
Net Income (loss) $ (1,311,506) $ 153,904 $ (1,894,643) $ 601,217
Per share data        
Basic net income (loss) per share $ (1.36) $ 0.16 $ (1.96) $ 0.62
Diluted net income (loss) per share $ (1.36) $ 0.16 $ (1.96) $ 0.62
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 $ 0.44 $ 0.44