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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total sales $ 22,244,681 $ 19,771,137 $ 68,595,404 $ 45,243,029
Cost of Sales 17,257,118 15,320,915 53,551,020 34,287,788
Gross Profit 4,987,563 4,450,222 15,044,384 10,955,241
Operating Expenses:        
Product development costs 220,418
Selling, general and administrative expenses 2,428,784 1,978,943 7,122,981 5,803,514
Operating Income 2,558,779 2,471,279 7,921,403 4,931,309
Other (Income) and Expenses:        
Interest charges 321,994 286,684 872,646 453,372
Loss (gain) on sale of operations 1,160,574
Other (income) expense, net 3 97,412 1,664 205,678
Total Other (Income) and Expenses 321,997 384,096 874,310 1,819,624
Income before Provision for Income Taxes 2,236,782 2,087,183 7,047,093 3,111,685
Provision for Income Taxes 541,914 590,104 1,775,288 846,229
Net Income $ 1,694,868 $ 1,497,079 $ 5,271,805 $ 2,265,456
Net Income Per Common Share - Basic (in dollars per share) $ 0.59 $ 0.55 $ 1.89 $ 0.80
Net Income Per Common Share - Diluted (in dollars per share) $ 0.52 $ 0.48 $ 1.64 $ 0.71
Weighted Average Shares of Common Stock Outstanding        
Basic (in shares) 2,850,958 2,720,654 2,787,845 2,826,347
Diluted (in shares) 3,249,233 3,092,520 3,223,004 3,186,946