XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net Sales $ 34,888 $ 30,711
Cost of Goods Sold 29,404 26,667
Gross Profit 5,484 4,044
Operating Expenses    
Selling Expenses 890 833
General and Administrative Expenses 3,265 2,729
Research and Development Expenses 276 328
Gain on Sale of Assets 0 (15)
Total Operating Expenses 4,431 3,875
Income From Operations 1,053 169
Other Expense    
Interest Expense (110) (98)
Income Before Income Taxes 943 71
Income Tax Expense (Benefit) 262 (67)
Net Income $ 681 $ 138
Net Income Per Common Share:    
Basic (in dollars per share) (in dollars per share) $ 0.25 $ 0.05
Weighted Average Number of Common Shares Outstanding - Basic (in shares) (in shares) 2,692,033 2,680,731
Diluted (in dollars per share) (in dollars per share) $ 0.23 $ 0.05
Weighted Average Number of Common Shares Outstanding - Diluted (in shares) (in shares) 2,903,635 2,871,901
Other comprehensive income    
Foreign currency translation $ 40 $ 5
Comprehensive income, net of tax $ 721 $ 143