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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total sales $ 32,189,623 $ 26,397,857 $ 95,094,396 $ 76,841,745
Cost of Sales 25,879,820 21,000,148 75,649,696 59,660,823
Gross Profit 6,309,803 5,397,709 19,444,700 17,180,922
Operating Expenses:        
Selling, general and administrative expenses 4,310,125 3,528,928 13,672,173 10,866,884
Operating Income 1,999,678 1,868,781 5,772,527 6,314,038
Other (Income) and Expenses:        
Interest charges 331,156 236,535 746,237 693,850
Other (income) expense, net (93,676) 140,846 27,331 (1,134,627)
Total Other (Income) and Expenses 237,480 377,381 773,568 (440,777)
Income before Provision for Income Taxes 1,762,198 1,491,400 4,998,959 6,754,815
Provision for Income Taxes 507,653 293,523 1,507,275 1,166,216
Net Income $ 1,254,545 $ 1,197,877 $ 3,491,684 $ 5,588,599
Net Income Per Common Share - Basic (in dollars per share) $ 0.36 $ 0.35 $ 1.01 $ 1.64
Net Income Per Common Share - Diluted (in dollars per share) $ 0.36 $ 0.35 $ 1.01 $ 1.64
Basic (in shares) 3,476,087 3,408,906 3,458,437 3,403,609
Diluted (in shares) 3,476,087 3,409,819 3,458,437 3,404,507