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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total sales $ 21,277,797 $ 22,244,681 $ 65,135,959 $ 68,595,404
Cost of Sales 16,425,380 17,257,118 50,576,360 53,551,020
Gross Profit 4,852,417 4,987,563 14,559,599 15,044,384
Operating Expenses:        
Selling, general and administrative expenses 2,726,000 2,428,784 8,764,513 7,122,981
Operating Income 2,126,417 2,558,779 5,795,086 7,921,403
Other (Income) and Expenses:        
Interest charges 208,030 321,994 740,740 872,646
Other (income) expense, net 13,966 3 72,933 1,664
Total Other (Income) and Expenses 221,996 321,997 813,673 874,310
Income before Provision for Income Taxes 1,904,421 2,236,782 4,981,413 7,047,093
Provision for Income Taxes 478,331 541,914 1,250,916 1,775,288
Net Income $ 1,426,090 $ 1,694,868 $ 3,730,497 $ 5,271,805
Net Income Per Common Share - Basic (in dollars per share) $ 0.43 $ 0.59 $ 1.12 $ 1.89
Net Income Per Common Share - Diluted (in dollars per share) $ 0.43 $ 0.52 $ 1.12 $ 1.64
Weighted Average Shares of Common Stock Outstanding        
Basic (in shares) 3,324,380 2,850,958 3,317,864 2,787,845
Diluted (in shares) 3,326,003 3,249,233 3,319,501 3,223,004