XML 26 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues $ 7,001,409 $ 7,694,137 $ 13,757,150 $ 14,738,958
Cost of revenues 3,731,667 3,802,874 7,148,540 7,051,913
Gross profit 3,269,742 3,891,263 6,608,610 7,687,045
Operating Expenses:        
General & administrative 1,154,489 1,128,616 2,298,579 2,312,763
Marketing & selling 1,322,117 1,165,510 2,610,598 2,264,110
Research & development 437,090 277,429 892,872 622,412
Total Operating Expenses 2,913,696 2,571,555 5,802,049 5,199,285
Operating income 356,046 1,319,708 806,561 2,487,760
Other income (expense), net (30,877) 3,235 (64,204) 4,784
Net income before provision for income taxes 325,169 1,322,943 742,357 2,492,544
Provision for income taxes 72,840 466,024 212,506 879,466
Net income and comprehensive income $ 252,329 $ 856,919 $ 529,851 $ 1,613,078
Basic net income per share (in dollars per share) $ 0.05 $ 0.16 $ 0.10 $ 0.30
Diluted net income per share (in dollars per share) 0.05 0.16 0.10 0.30
Dividends declared per share (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30
Weighted average common shares outstanding, basic (in shares) 5,399,270 5,352,664 5,387,232 5,335,347
Weighted average common shares outstanding, diluted (in shares) 5,408,372 5,375,076 5,396,740 5,367,307