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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)    
Net sales $ 72,495,367 $ 69,014,648
Cost of products sold (56,997,668) (54,438,968)
Gross margin 15,497,699 14,575,680
Product development expense (1,401,199) (1,197,008)
Selling and administrative expenses (11,937,637) (9,865,614)
Operating profit 2,158,863 3,513,058
Interest expense (726,006) (434,335)
Other (expense) income 630,699 488,520
Income from continuing operations before income taxes 802,158 3,567,243
Income tax expense (194,845) (881,125)
Net income from continuing operations 607,313 2,686,118
Discontinued Operations (see note B)    
Gain from operations of discontinued operations 0 471,187
Income tax expense 0 (126,867)
Gain from discontinued operations 0 344,320
Net income $ 607,313 $ 3,030,438
Earnings per share from continuing operations:    
Basic $ 0.10 $ 0.43
Diluted 0.10 0.43
Earnings per share from discontinued operations:    
Basic 0 0.06
Diluted 0 0.05
Total earnings per share:    
Basic 0.10 0.49
Diluted 0.10 0.48
Cash dividends per share: $ 0.11 $ 0.11