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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total sales $ 25,281,574 $ 21,836,087
Cost of Sales 19,073,431 17,006,199
Gross Profit 6,208,143 4,829,888
Operating Expenses:    
Selling, General and administrative expenses 3,069,994 2,258,817
Operating Income 3,138,149 2,571,071
Other (Income) and Expenses:    
Interest charges 297,421 266,073
Other (income) expense, net 71,361 (23,874)
Total Other (Income) and Expenses 368,782 242,199
Income before Provision for Income Taxes 2,769,367 2,328,872
Provision for Income Taxes 693,797 583,414
Net Income $ 2,075,570 $ 1,745,458
Net Income Per Common Share - Basic (in dollars per share) $ 0.63 $ 0.63
Net Income Per Common Share - Diluted (in dollars per share) $ 0.63 $ 0.55
Weighted Average Shares of Common Stock Outstanding    
Basic (in shares) 3,311,477 2,755,265
Diluted (in shares) 3,313,157 3,178,420