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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Total sales $ 23,994,004 $ 25,281,574
Cost of Sales 17,991,083 19,073,431
Gross Profit 6,002,921 6,208,143
Operating Expenses:    
Selling, General and administrative expenses 3,677,461 3,069,994
Operating Income 2,325,460 3,138,149
Other (Income) and Expenses:    
Interest charges 218,618 297,421
Realized (gain) on investments (152,761)
Unrealized (gain) on investments (233,644)
PPP loan forgiveness 1,453,837
Other (income) expense, net 278,125 71,361
Total Other (Income) and Expenses (1,343,499) 368,782
Income before Provision for Income Taxes 3,668,959 2,769,367
Provision for Income Taxes 525,542 693,797
Net Income $ 3,143,417 $ 2,075,570
Net Income Per Common Share - Basic (in dollars per share) $ 0.93 $ 0.63
Net Income Per Common Share - Diluted (in dollars per share) $ 0.93 $ 0.63
Weighted Average Shares of Common Stock Outstanding    
Basic (in shares) 3,392,839 3,311,477
Diluted (in shares) 3,393,720 3,313,157