Note 18 - Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Quarterly Financial Information [Text Block]

18.

QUARTERLY DATA (UNAUDITED)

The following table presents the Company’s unaudited quarterly consolidated income statement data for the years ended

December 31, 2019

and

2018.

These quarterly results include all adjustments consisting of normal recurring adjustments that the Company considers necessary for the fair presentation for the quarters presented and are

not

necessarily indicative of the operating results for any future period.

	Year Ended December 31, 2019
	March 31,		June 30,		September 30,		December 31,
	2019		2019		2019		2019
Sales	$	21,836,087	$	24,514,636	$	22,244,681	$	21,103,124
Gross Profit		4,829,888		5,226,933		4,987,563		4,530,251
Operating Income		2,571,071		2,791,553		2,558,779		2,589,263
Net Income		1,745,458		1,831,479		1,694,868		1,708,058
Net Income per Common Share:
Basic	$	0.63	$	0.66	$	0.59	$	0.58
Diluted	$	0.55	$	0.57	$	0.52	$	0.51

	Year Ended December 31, 2018
	March 31,		June 30,		September 30,		December 31,
	2018		2018		2018		2018
Sales	$	11,878,700	$	13,593,192	$	19,771,137	$	21,135,277
Gross Profit		3,018,441		3,486,578		4,450,389		4,348,726
Operating Income		643,085		1,816,945		2,471,279		2,383,150
Net Income		373,752		394,625		1,497,079		1,348,254
Net Income per Common Share:
Basic	$	0.13	$	0.14	$	0.55	$	0.50
Diluted	$	0.11	$	0.13	$	0.48	$	0.43