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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total sales $ 33,641,513 $ 32,189,623 $ 110,058,884 $ 95,094,396
Cost of Sales 24,732,181 25,879,820 80,158,123 75,649,696
Gross Profit 8,909,332 6,309,803 29,900,761 19,444,700
Operating Expenses:        
Selling, general and administrative expenses 4,612,364 4,310,125 15,332,161 13,672,173
Operating Income 4,296,968 1,999,678 14,568,600 5,772,527
Other (Income) and Expenses:        
Interest charges 294,825 331,156 1,030,729 746,237
Loss on investments in equity securities 135,522 101,370 17,040 535,439
Other (income) expense, net (599) (195,046) (345,569) (508,108)
Total Other (Income) and Expenses 429,748 237,480 702,200 773,568
Income before Provision for Income Taxes 3,867,220 1,762,198 13,866,400 4,998,959
Provision for Income Taxes 1,052,484 507,653 3,808,850 1,507,275
Net Income $ 2,814,736 $ 1,254,545 $ 10,057,550 $ 3,491,684
Net Income Per Common Share - Basic (in dollars per share) $ 0.80 $ 0.36 $ 2.87 $ 1.01
Net Income Per Common Share - Diluted (in dollars per share) $ 0.80 $ 0.36 $ 2.86 $ 1.01
Basic (in shares) 3,510,740 3,476,087 3,506,920 3,458,437
Diluted (in shares) 3,536,697 3,476,087 3,519,672 3,458,437