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CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues $ 7,084,265 $ 7,704,047 $ 20,841,415 $ 22,443,005
Cost of revenues 3,627,582 3,734,470 10,776,122 10,786,382
Gross profit 3,456,683 3,969,577 10,065,293 11,656,623
Operating Expenses:        
General & administrative 1,229,441 1,155,099 3,528,020 3,467,863
Marketing & selling 1,284,016 1,206,479 3,894,614 3,470,588
Research & development 392,042 363,788 1,284,914 986,201
Total Operating Expenses 2,905,499 2,725,366 8,707,548 7,924,652
Operating income 551,184 1,244,211 1,357,745 3,731,971
Other expense, net (30,411) (33,941) (94,614) (29,157)
Net income before provision for income taxes 520,773 1,210,270 1,263,131 3,702,814
(Benefit from) / provision for income taxes (275,612) 293,370 (63,106) 1,172,836
Net income and comprehensive income $ 796,385 $ 916,900 $ 1,326,237 $ 2,529,978
Basic net income per share (in dollars per share) $ 0.15 $ 0.17 $ 0.25 $ 0.47
Diluted net income per share (in dollars per share) 0.15 0.17 0.25 0.47
Dividends declared per share (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45
Weighted average common shares outstanding, basic (in shares) 5,422,541 5,375,061 5,399,131 5,348,730
Weighted average common shares outstanding, diluted (in shares) 5,424,989 5,389,425 5,406,053 5,375,472