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CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues $ 7,704,047 $ 7,055,202 $ 22,443,005 $ 20,386,381
Cost of revenues 3,734,470 2,879,150 10,786,382 8,644,109
Gross profit 3,969,577 4,176,052 11,656,623 11,742,272
Operating Expenses:        
General & administrative 1,155,099 1,075,133 3,467,863 3,075,794
Marketing & selling 1,206,479 1,158,355 3,470,588 3,435,257
Research & development 363,788 203,265 986,201 558,011
Total Operating Expenses 2,725,366 2,436,753 7,924,652 7,069,062
Operating income 1,244,211 1,739,299 3,731,971 4,673,210
Other income (expense) (33,941) 280 (29,157) 91,993
Net income before provision for income taxes 1,210,270 1,739,579 3,702,814 4,765,203
Provision for income taxes 293,370 687,579 1,172,836 1,827,932
Net income and comprehensive income $ 916,900 $ 1,052,000 $ 2,529,978 $ 2,937,271
Basic net income per share (in dollars per share) $ 0.17 $ 0.20 $ 0.47 $ 0.55
Diluted net income per share (in dollars per share) $ 0.17 $ 0.20 $ 0.47 $ 0.55
Dividends declared per share (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45
Weighted average common shares outstanding, basic (in shares) 5,375,061 5,312,105 5,348,730 5,301,330
Weighted average common shares outstanding, diluted (in shares) 5,389,425 5,330,515 5,375,472 5,314,224