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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total sales $ 18,576,588 $ 24,514,636 $ 43,858,162 $ 46,350,723
Cost of Sales 15,077,549 19,287,703 34,150,980 36,293,902
Gross Profit 3,499,039 5,226,933 9,707,182 10,056,821
Operating Expenses:        
Selling, general and administrative expenses 2,968,519 2,435,380 6,038,513 4,694,197
Operating Income 530,520 2,791,553 3,668,669 5,362,624
Other (Income) and Expenses:        
Interest charges 235,289 284,579 532,710 550,652
Other (income) expense, net (12,394) 25,535 58,967 1,661
Total Other (Income) and Expenses 222,895 310,114 591,677 552,313
Income before Provision for Income Taxes 307,625 2,481,439 3,076,992 4,810,311
Provision for Income Taxes 78,788 649,960 772,585 1,233,374
Net Income $ 228,837 $ 1,831,479 $ 2,304,407 $ 3,576,937
Net Income Per Common Share - Basic (in dollars per share) $ 0.07 $ 0.66 $ 0.70 $ 1.30
Net Income Per Common Share - Diluted (in dollars per share) $ 0.07 $ 0.57 $ 0.69 $ 1.12
Weighted Average Shares of Common Stock Outstanding        
Basic (in shares) 3,317,665 2,755,916 3,314,573 2,755,764
Diluted (in shares) 3,319,264 3,212,798 3,316,217 3,196,151