XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Condensed Consolidated Statements Of Operations    
Net sales $ 142,457,342 $ 137,321,395
Cost of goods sold 90,456,484 86,672,413
Gross profit 52,000,858 50,648,982
Selling, general and administrative expenses 43,571,510 43,192,076
Operating income 8,429,348 7,456,906
Non operating items:    
Interest expense (1,828,408) (1,891,042)
Interest income 39,896 32,818
Interest expense, net (1,788,512) (1,858,224)
Other expense (97,672) (67,458)
Total other expense, net (1,886,184) (1,925,682)
Income before income tax expense 6,543,164 5,531,224
Income tax expense 1,029,556 932,874
Net income $ 5,513,608 $ 4,598,350
Basic earnings per share $ 1.65 $ 1.36
Diluted earnings per share $ 1.60 $ 1.30