Quarterly Financial Information [Text Block] |
17. QUARTERLY DATA (UNAUDITED)
The following table presents the Company’s unaudited quarterly consolidated income statement data for the years ended December 31, 2022 and 2021. These quarterly results include all adjustments consisting of normal recurring adjustments that the Company considers necessary for the fair presentation for the quarters presented and are not necessarily indicative of the operating results for any future period.
| | Year Ended December 31, 2022 | |
| | March 31, | | | June 30, | | | September 30, | | | December 31, | |
| | 2022 | | | 2022 | | | 2022 | | | 2022 | |
| | | | | | | | | | | | | | | | |
Sales | | $ | 31,002,746 | | | $ | 31,902,027 | | | $ | 32,189,623 | | | $ | 32,660,531 | |
Gross Profit | | | 6,366,405 | | | | 6,768,491 | | | | 6,309,803 | | | | 7,588,082 | |
Operating Income | | | 1,397,321 | | | | 2,375,527 | | | | 1,999,678 | | | | 2,760,946 | |
Net Income | | | 1,065,875 | | | | 1,171,264 | | | | 1,254,545 | | | | 3,069,719 | |
Net Income per Common Share: | | | | | | | | | | | | | | | | |
Basic | | $ | 0.31 | | | $ | 0.34 | | | $ | 0.36 | | | $ | 0.88 | |
Diluted | | $ | 0.31 | | | $ | 0.34 | | | $ | 0.36 | | | $ | 0.88 | |
| | Year Ended December 31, 2021 | |
| | March 31, | | | June 30, | | | September 30, | | | December 31, | |
| | 2021 | | | 2021 | | | 2021 | | | 2021 | |
| | | | | | | | | | | | | | | | |
Sales | | $ | 23,994,004 | | | $ | 26,449,885 | | | $ | 26,397,857 | | | $ | 27,320,481 | |
Gross Profit | | | 6,002,921 | | | | 5,780,290 | | | | 5,397,709 | | | | 4,731,545 | |
Operating Income | | | 2,325,460 | | | | 2,119,797 | | | | 1,868,781 | | | | 676,214 | |
Net Income | | | 3,143,417 | | | | 1,247,305 | | | | 1,197,877 | | | | 64,699 | |
Net Income per Common Share: | | | | | | | | | | | | | | | | |
Basic | | $ | 0.93 | | | $ | 0.37 | | | $ | 0.35 | | | $ | 0.01 | |
Diluted | | $ | 0.93 | | | $ | 0.37 | | | $ | 0.35 | | | $ | 0.01 | |
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