XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues $ 7,055,202 $ 6,459,775 $ 20,386,381 $ 19,565,350
Cost of revenues 2,879,150 2,742,072 8,644,109 8,079,141
Gross profit 4,176,052 3,717,703 11,742,272 11,486,209
Operating Expenses:        
General & administrative 1,075,133 921,891 3,075,794 2,921,880
Marketing & selling 1,158,355 1,067,768 3,435,257 3,413,388
Research & development 203,265 297,090 558,011 679,031
Total Operating Expenses 2,436,753 2,286,749 7,069,062 7,014,299
Operating income 1,739,299 1,430,954 4,673,210 4,471,910
Other income 280 447 91,993 1,442
Net income before provision for income taxes 1,739,579 1,431,401 4,765,203 4,473,352
Provision for income taxes 687,579 552,920 1,827,932 1,766,336
Net income and comprehensive income $ 1,052,000 $ 878,481 $ 2,937,271 $ 2,707,016
Basic net income per share (in dollars per share) $ 0.20 $ 0.17 $ 0.55 $ 0.52
Diluted net income per share (in dollars per share) $ 0.20 $ 0.17 $ 0.55 $ 0.51
Dividends declared per share (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45
Weighted average common shares outstanding, basic (in shares) 5,312,105 5,272,428 5,301,330 5,256,240
Weighted average common shares outstanding, diluted (in shares) 5,330,515 5,289,808 5,314,224 5,266,237