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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Total sales $ 11,878,700 $ 3,346,315
Cost of Sales 8,860,259 1,968,801
Gross Profit 3,018,441 1,377,514
Operating Expenses:    
Product development costs 123,029 217,316
Selling, general and administrative expenses 2,252,327 894,302
Operating Income 643,085 265,896
Other (Income) and Expenses:    
Interest charges 85,933 48,192
Other (income) expense, net 58,816 (3,563)
Total Other (Income) and Expenses 144,749 44,629
Income before Provision for Income Taxes 498,336 221,267
Provision for Income Taxes 124,584 8,127
Net Income $ 373,752 $ 213,140
Net Income Per Common Share - Basic (in dollars per share) $ 0.13 $ 0.07
Net Income Per Common Share - Diluted (in dollars per share) $ 0.11 $ 0.07
Weighted Average Shares of Common Stock Outstanding – Basic (in shares) 2,911,057 2,877,493
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 3,269,853 2,964,729