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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Total sales $ 85,069,900 $ 89,698,527
Cost of Sales 66,138,610 70,123,892
Gross Profit 18,931,290 19,574,635
Operating Expenses:    
Selling, general and administrative expenses 11,478,837 9,063,969
Operating Income 7,452,453 10,510,666
Other (Income) and Expenses:    
Interest charges 952,192 1,056,843
Unrealized gain on investments (585,107)
Other (income) expense, net (389,873) 34,333
Total Other (Income) and Expenses (22,788) 1,091,176
Income before Provision for Income Taxes 7,475,241 9,419,490
Provision for Income Taxes:    
Current 1,443,761 1,890,912
Deferred 192,093 548,715
Total Provision for Income Taxes 1,635,854 2,439,627
Net Income $ 5,839,387 $ 6,979,863
Net Income per Common Share - Basic (in dollars per share) $ 1.76 $ 2.45
Net Income per Common Share - Diluted (in dollars per share) $ 1.76 $ 2.13
Weighted Average Shares of Common Stock Outstanding – Basic (in shares) 3,319,731 2,849,239
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 3,320,553 3,277,857