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Consolidated Statement of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total sales $ 38,439,639 $ 39,484,356
Cost of Sales 28,194,606 28,967,804
Gross Profit 10,245,033 10,516,552
Operating Expenses:    
Selling, general and administrative expenses 5,670,943 5,397,285
Operating Income 4,574,090 5,119,267
Other (Income) and Expenses:    
Interest charges 237,841 369,802
(Gain) loss on investments 118,077 59,033
Other (income) expense, net 72,263 997
Total Other (Income) and Expenses 428,181 429,832
Income before Provision for Income Taxes 4,145,909 4,689,435
Income tax expense 1,149,024 1,297,962
Net Income $ 2,996,885 $ 3,391,473
Net Income Per Common Share - Basic (in dollars per share) $ 0.85 $ 0.97
Net Income Per Common Share - Diluted (in dollars per share) $ 0.85 $ 0.97
Basic (in shares) 3,533,012 3,502,824
Diluted (in shares) 3,538,292 3,502,824