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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Total sales $ 19,771,137 $ 10,892,868 $ 45,243,029 $ 21,459,809
Cost of Sales 15,320,915 7,858,489 34,287,788 14,018,770
Gross Profit 4,450,222 3,034,379 10,955,241 7,441,039
Operating Expenses:        
Product development costs 159,791 220,418 556,947
Selling, general and administrative expenses 1,978,943 1,460,126 5,803,514 3,894,809
Operating Income 2,471,279 1,414,462 4,931,309 2,989,283
Other (Income) and Expenses:        
Interest charges 286,684 116,992 453,372 231,879
Loss on sale of business 1,160,574
Other (income) expense, net 97,412 3,167 205,678 262,938
Total Other (Income) and Expenses 384,096 120,159 1,819,624 494,817
Income before Provision for Income Taxes 2,087,183 1,294,303 3,111,685 2,494,466
Provision for Income Taxes 590,104 726,864 846,229 772,364
Net Income $ 1,497,079 $ 567,439 $ 2,265,456 $ 1,722,102
Net Income Per Common Share - Basic (in dollars per share) $ 0.55 $ 0.20 $ 0.80 $ 0.60
Net Income Per Common Share - Diluted (in dollars per share) $ 0.48 $ 0.18 $ 0.71 $ 0.56
Basic (in shares) 2,720,654 2,888,502 2,826,347 2,882,278
Diluted (in shares) 3,092,520 3,161,975 3,186,946 3,101,016