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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total sales $ 26,397,857 $ 21,277,797 $ 76,841,745 $ 65,135,959
Cost of Sales 21,000,148 16,425,380 59,660,823 50,576,360
Gross Profit 5,397,709 4,852,417 17,180,922 14,559,599
Operating Expenses:        
Selling, general and administrative expenses 3,528,928 2,726,000 10,866,884 8,764,513
Operating Income 1,868,781 2,126,417 6,314,038 5,795,086
Other (Income) and Expenses:        
Interest charges 236,535 208,030 693,850 740,740
PPP loan forgiveness 0 0 (1,453,837) 0
Other (income) expense, net 140,846 13,966 319,210 72,933
Total Other (Income) and Expenses 377,381 221,996 (440,777) 813,673
Income before Provision for Income Taxes 1,491,400 1,904,421 6,754,815 4,981,413
Provision for Income Taxes 293,523 478,331 1,166,216 1,250,916
Net Income $ 1,197,877 $ 1,426,090 $ 5,588,599 $ 3,730,497
Net Income Per Common Share - Basic (in dollars per share) $ 0.35 $ 0.43 $ 1.64 $ 1.12
Net Income Per Common Share - Diluted (in dollars per share) $ 0.35 $ 0.43 $ 1.64 $ 1.12
Weighted Average Shares of Common Stock Outstanding        
Basic (in shares) 3,408,906 3,324,380 3,403,609 3,317,864
Diluted (in shares) 3,409,819 3,326,003 3,404,507 3,319,501