XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net Sales $ 35,021 $ 32,518 $ 69,909 $ 63,229
Cost of Goods Sold 29,547 27,514 58,951 54,181
Gross Profit 5,474 5,004 10,958 9,048
Operating Expenses        
Selling Expenses 953 960 1,843 1,793
General and Administrative Expenses 3,105 2,668 6,370 5,397
Research and Development Expenses 317 351 593 679
Gain on Sale of Assets 0 0 0 (15)
Total Operating Expenses 4,375 3,979 8,806 7,854
Income From Operations 1,099 1,025 2,152 1,194
Other Expense        
Interest Expense (125) (117) (235) (215)
Income Before Income Taxes 974 908 1,917 979
Income Tax Expense (Benefit) 340 189 602 122
Net Income $ 634 $ 719 $ 1,315 $ 857
Net Income Per Common Share:        
Basic (in dollars per share) (in dollars per share) $ 0.23 $ 0.27 $ 0.49 $ 0.32
Weighted Average Number of Common Shares Outstanding - Basic (in shares) (in shares) 2,718,066 2,683,131 2,705,121 2,681,931
Diluted (in dollars per share) (in dollars per share) $ 0.22 $ 0.25 $ 0.46 $ 0.30
Weighted Average Number of Common Shares Outstanding - Diluted (in shares) (in shares) 2,870,848 2,886,755 2,887,313 2,879,216
Other comprehensive income        
Foreign currency translation $ (281) $ (244) $ (241) $ (239)
Comprehensive income, net of tax $ 353 $ 475 $ 1,074 $ 618