XML 22 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues $ 26,975,406 $ 29,204,818 $ 26,870,297
Cost of revenues 14,258,465 14,066,652 11,476,263
Gross profit 12,716,941 15,138,166 15,394,034
Operating Expenses:      
General & administrative 4,560,684 4,474,654 4,157,597
Marketing & selling 5,053,217 4,625,375 4,704,970
Research & development 1,631,664 1,348,496 825,102
Total Operating Expenses 11,245,565 10,448,525 9,687,669
Operating income 1,471,376 4,689,641 5,706,365
Other income (expense) (124,588) (56,576) 92,273
Net income before provision for income taxes 1,346,788 4,633,065 5,798,638
(Benefit from) / provision for income taxes (164,388) 1,426,984 1,993,428
Net income and comprehensive income $ 1,511,176 $ 3,206,081 $ 3,805,210
Basic net income per share (in dollars per share) $ 0.28 $ 0.6 $ 0.72
Diluted net income per share (in dollars per share) 0.28 0.6 0.72
Dividends declared per share (in dollars per share) $ 0.6 $ 0.6 $ 0.6
Weighted average common shares outstanding, basic (in shares) 5,405,032 5,355,367 5,299,060
Weighted average common shares outstanding, diluted (in shares) 5,412,487 5,376,998 5,315,463