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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total sales $ 26,449,885 $ 18,576,588 $ 50,443,889 $ 43,858,162
Cost of Sales 20,669,595 15,077,549 38,660,678 34,150,980
Gross Profit 5,780,290 3,499,039 11,783,211 9,707,182
Operating Expenses:        
Selling, general and administrative expenses 3,660,493 2,968,519 7,337,954 6,038,513
Operating Income 2,119,797 530,520 4,445,257 3,668,669
Other (Income) and Expenses:        
Interest charges 238,696 235,289 457,314 532,710
Other (income) expense, net 286,644 (12,394) (1,275,473) 58,967
Total Other (Income) and Expenses 525,340 222,895 (818,159) 591,677
Income before Provision for Income Taxes 1,594,457 307,625 5,263,416 3,076,992
Provision for Income Taxes 347,152 78,788 872,694 772,585
Net Income $ 1,247,305 $ 228,837 $ 4,390,722 $ 2,304,407
Net Income Per Common Share - Basic (in dollars per share) $ 0.37 $ 0.07 $ 1.29 $ 0.70
Net Income Per Common Share - Diluted (in dollars per share) $ 0.37 $ 0.07 $ 1.29 $ 0.69
Weighted Average Shares of Common Stock Outstanding        
Basic (in shares) 3,408,906 3,317,665 3,400,917 3,314,573
Diluted (in shares) 3,409,800 3,319,264 3,401,805 3,316,217