XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Total sales $ 21,836,087 $ 11,878,700
Cost of Sales 17,006,199 8,860,259
Gross Profit 4,829,888 3,018,441
Operating Expenses:    
Product development costs 123,029
Selling, general and administrative expenses 2,258,817 2,252,327
Operating Income 2,571,071 643,085
Other (Income) and Expenses:    
Interest charges 266,073 85,933
Other (income) expense, net (23,874) 58,816
Total Other (Income) and Expenses 242,199 144,749
Income before Provision for Income Taxes 2,328,872 498,336
Provision for Income Taxes 583,414 124,584
Net Income $ 1,745,458 $ 373,752
Net Income Per Common Share - Basic (in dollars per share) $ 0.63 $ 0.13
Net Income Per Common Share - Diluted (in dollars per share) $ 0.55 $ 0.11
Weighted Average Shares of Common Stock Outstanding    
Basic (in shares) 2,755,265 2,911,057
Diluted (in shares) 3,178,420 3,269,853