XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Condensed Consolidated Statements Of Operations    
Net sales $ 164,003,040 $ 142,457,342
Cost of goods sold 104,408,326 90,456,484
Gross profit 59,594,714 52,000,858
Selling, general and administrative expenses 48,182,050 43,571,510
Operating income 11,412,664 8,429,348
Non-operating items:    
Interest expense (944,363) (1,828,408)
Interest income 24,654 39,896
Interest expense, net (919,709) (1,788,512)
Other expense (666,227) (97,672)
Total other expense, net (1,585,936) (1,886,184)
Income before income tax expense 9,826,728 6,543,164
Income tax expense 1,727,962 1,029,556
Net income $ 8,098,766 $ 5,513,608
Basic earnings per share $ 2.42 $ 1.65
Diluted earnings per share $ 2.31 $ 1.60