XML 27 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net Sales $ 26,801,473 $ 27,408,467 $ 53,341,095 $ 53,557,609
Cost of Goods Sold 24,371,349 24,125,488 48,044,816 47,200,695
Gross Profit 2,430,124 3,282,979 5,296,279 6,356,914
Operating Expenses        
Selling Expenses 1,310,355 1,145,245 2,673,797 2,266,146
General and Administrative Expenses 1,603,129 1,790,557 3,307,443 3,507,370
Total Operating Expenses 2,913,484 2,935,802 5,981,240 5,773,516
Income (Loss) From Operations (483,360) 347,177 (684,961) 583,398
Other Expense        
Interest Expense (112,002) (92,083) (207,188) (182,063)
Miscellaneous Expense, net   (23,393)   (33,477)
Total Other Expense (112,002) (115,476) (207,188) (215,540)
Income (Loss) Before Income Taxes (595,362) 231,701 (892,149) 367,858
Income Tax Expense (Benefit) (217,000) (15,000) (321,000) 35,000
Net Income (Loss) $ (378,362) $ 246,701 $ (571,149) $ 332,858
Earnings (Loss) Per Common Share:        
Basic (in dollars per share) $ (0.14) $ 0.09 $ (0.21) $ 0.12
Weighted Average Number of Common Shares Outstanding - Basic (in shares) 2,746,325 2,742,992 2,745,183 2,742,992
Diluted (in dollars per share) $ (0.14) $ 0.09 $ (0.21) $ 0.12
Weighted Average Number of Common Shares Outstanding - Diluted (in shares) 2,746,325 2,746,856 2,745,183 2,747,357