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Consolidated Statements of Income - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2018
Sep. 30, 2017
Total sales $ 11,754,219 $ 2,356,926 $ 66,378,306 $ 23,816,735
Cost of Sales 8,528,387 1,773,688 51,074,339 15,792,458
Gross Profit 3,225,832 583,238 15,303,967 8,024,277
Operating Expenses:        
Product development costs 121,579 239,010 220,418 795,957
Selling, general and administrative expenses 1,813,308 651,574 7,769,090 4,546,383
Operating Income (Loss) 1,290,945 (307,346) 7,314,459 2,681,937
Other (Income) and Expenses:        
Interest charges 98,228 50,769 749,021 282,648
Loss on sale of business 1,160,574
Other (income) expense, net 14,726 (52,409) 123,134 210,529
Total Other (Income) and Expenses 112,954 (1,640) 2,032,729 493,177
Income (loss) before Provision for Income Taxes 1,177,991 (305,706) 5,281,730 2,188,760
Provision for Income Taxes:        
Current 446,283 8,000 543,031 86,966
Deferred 221,446 1,124,989 693,398
Total Provision for Income Taxes 667,729 8,000 1,668,020 780,364
Net Income (Loss) $ 510,262 $ (313,706) $ 3,613,710 $ 1,408,396
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ 0.18 $ (0.11) $ 1.29 $ 0.49
Net Income (Loss) Per Common Share - Diluted (in dollars per share) $ 0.16 $ (0.11) $ 1.14 $ 0.46
Weighted Average Shares of Common Stock Outstanding – Basic (in shares) 2,888,502 2,853,107 2,799,706 2,874,926
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 3,256,012 2,901,584 3,181,572 3,069,077