XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net Sales $ 28,360,914 $ 28,998,197
Cost of Goods Sold 25,352,679 25,802,032
Gross Profit 3,008,235 3,196,165
Operating Expenses:    
Selling Expenses 1,087,816 929,384
General and Administrative Expenses 1,591,989 1,980,119
Total Operating Expenses 2,679,805 2,909,503
Income From Operations 328,430 286,662
Other Income (Expense)    
Interest Expense (136,779) (119,992)
Bargain Purchase Gain   791,615
Miscellaneous Expense, net (9,846) (19,097)
Total Other Income (Expense) (146,625) 652,526
Income Before Income Taxes 181,805 939,188
Income Tax Expense 59,000 313,000
Net Income $ 122,805 $ 626,188
Earnings Per Common Share:    
Basic and Diluted (in dollars per share) $ 0.04 $ 0.23
Weighted Average Number of Common Shares Outstanding Used for Basic Earnings Per Common Share (in shares) 2,742,992 2,742,992
Weighted Average Number of Common Shares Outstanding Used for Diluted Earnings Per Common Share (in shares) 2,742,992 2,742,992