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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total sales $ 31,902,027 $ 26,449,885 $ 62,904,773 $ 50,443,889
Cost of Sales 25,133,536 20,669,595 49,769,877 38,660,678
Gross Profit 6,768,491 5,780,290 13,134,897 11,783,211
Operating Expenses:        
Selling, general and administrative expenses 4,392,964 3,660,493 9,362,048 7,337,954
Operating Income 2,375,527 2,119,797 3,772,849 4,445,257
Other (Income) and Expenses:        
Interest charges 154,065 238,696 415,081 457,314
Other (income) expense, net 625,792 286,644 121,006 (1,275,473)
Total Other (Income) and Expenses 779,857 525,340 536,088 (818,159)
Income before Provision for Income Taxes 1,595,670 1,594,457 3,236,761 5,263,416
Provision for Income Taxes 424,406 347,152 999,622 872,694
Net Income $ 1,171,264 $ 1,247,305 $ 2,237,139 $ 4,390,722
Net Income Per Common Share - Basic (in dollars per share) $ 0.34 $ 0.37 $ 0.65 $ 1.29
Net Income Per Common Share - Diluted (in dollars per share) $ 0.34 $ 0.37 $ 0.65 $ 1.29
Basic (in shares) 3,464,765 3,408,906 3,449,465 3,400,917
Diluted (in shares) 3,464,765 3,409,800 3,449,465 3,401,805