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CONDENSED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues $ 9,700,052 $ 7,001,409 $ 16,367,116 $ 13,757,150
Cost of revenues 4,490,907 3,731,667 8,419,529 7,148,540
Gross profit 5,209,145 3,269,742 7,947,587 6,608,610
Operating Expenses:        
General & administrative 1,185,775 1,154,489 2,437,850 2,298,579
Marketing & selling 1,302,034 1,322,117 2,429,688 2,610,598
Research & development 350,205 437,090 710,663 892,872
Total Operating Expenses 2,838,014 2,913,696 5,578,201 5,802,049
Operating income 2,371,131 356,046 2,369,386 806,561
Interest expense, net (35,492) (30,877) (70,133) (64,204)
Net income before provision for income taxes 2,335,639 325,169 2,299,253 742,357
Provision for income taxes 701,884 72,840 688,942 212,506
Net income $ 1,633,755 $ 252,329 $ 1,610,311 $ 529,851
Basic net income per share (in dollars per share) $ 0.3 $ 0.05 $ 0.30 $ 0.10
Diluted net income per share (in dollars per share) 0.3 0.05 0.30 0.10
Dividends declared per share (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30
Weighted average common shares outstanding, basic (in shares) 5,443,150 5,399,270 5,432,902 5,387,232
Weighted average common shares outstanding, diluted (in shares) 5,454,167 5,408,372 5,440,376 5,396,740