XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Income And Comprehensive Income (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Consolidated Statements Of Income And Comprehensive Income [Abstract]    
Sales $ 32,061,147 $ 27,590,622
Less: discounts and allowances (2,929,436) (3,203,591)
Net sales 29,131,711 24,387,031
Cost of goods sold 21,681,910 15,402,875
Depreciation expense 383,361 394,125
Total cost of goods sold 22,065,271 15,797,000
Gross profit 7,066,440 8,590,031
Selling expenses 3,479,688 2,813,572
General and administrative 2,380,631 1,868,100
Amortization expense 178,919 177,842
Total operating expenses 6,039,238 4,859,514
Income from operations 1,027,202 3,730,517
Other income (expense):    
Interest and dividend income 28,698 15,009
Rental income 500 3,269
Interest expense (65,569) (36,299)
Gain (loss) on sale of investments, net reclassified from OCI 4,808 64,335
Loss on disposition of assets      
Other income (expense)      
Total other income (expense) (31,563) 46,314
Income before provision for income taxes 995,639 3,776,831
Provision for income taxes 335,461 1,411,192
Net income 660,178 2,365,639
Basic and diluted earnings per common share $ 0.04 $ 0.14
Weighted average number of shares outstanding 16,346,017 16,346,017
COMPREHENSIVE INCOME    
Net income 660,178 2,365,639
Other comprehensive income (loss), net of tax:    
Unrealized gains (losses) on investments (net of tax) 8,044 51,535
Less reclassification adjustment for (gains) losses included in net income (net of taxes) (2,717) (36,349)
Comprehensive income $ 665,505 $ 2,380,825