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Condensed Consolidated Statements of Stockholders' Equity - USD ($)
Common Stock
Additional Paid in Capital
Retained Earnings
Treasury Stock
Total
Balances at Dec. 31, 2018 $ 7,738 $ 36,302,446 $ 72,176,719 $ (10,898,383) $ 97,588,520
Balances (in shares) at Dec. 31, 2018 7,738,167        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon stock option exercise $ 58 1,736,888     1,736,946
Issuance of common stock upon stock option exercise (in shares) 58,063        
Stock compensation expense   260,466     260,466
Repurchases of common stock       (118,566) (118,566)
Net income     10,843,055   10,843,055
Balances at Jun. 30, 2019 $ 7,796 38,299,800 83,019,774 (11,016,949) 110,310,421
Balances (in shares) at Jun. 30, 2019 7,796,230        
Balances at Mar. 31, 2019 $ 7,740 36,502,652 76,593,314 (10,898,383) 102,205,323
Balances (in shares) at Mar. 31, 2019 7,740,167        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon stock option exercise $ 56 1,678,470     1,678,526
Issuance of common stock upon stock option exercise (in shares) 56,063        
Stock compensation expense   118,678     118,678
Repurchases of common stock       (118,566) (118,566)
Net income     6,426,460   6,426,460
Balances at Jun. 30, 2019 $ 7,796 38,299,800 83,019,774 (11,016,949) 110,310,421
Balances (in shares) at Jun. 30, 2019 7,796,230        
Balances at Dec. 31, 2019 $ 7,813 39,355,797 96,646,527 (11,519,035) $ 124,491,102
Balances (in shares) at Dec. 31, 2019 7,813,230       7,339,578
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of restricted stock units $ 11 (11)      
Issuance of common stock upon vesting of restricted stock units (in shares) 11,450        
Issuance of common stock upon stock option exercise $ 2 61,723     $ 61,725
Issuance of common stock upon stock option exercise (in shares) 1,500        
Stock compensation expense   662,770     662,770
Repurchases of common stock       (412,761) (412,761)
Net income     4,614,602   4,614,602
Balances at Jun. 30, 2020 $ 7,826 40,080,279 101,261,129 (11,931,796) $ 129,417,438
Balances (in shares) at Jun. 30, 2020 7,826,180       7,344,955
Balances at Mar. 31, 2020 $ 7,815 39,856,101 101,145,333 (11,740,066) $ 129,269,183
Balances (in shares) at Mar. 31, 2020 7,815,230        
Increase (Decrease) in Stockholders' Equity          
Issuance of common stock upon vesting of restricted stock units $ 9 (9)      
Issuance of common stock upon vesting of restricted stock units (in shares) 9,450        
Issuance of common stock upon stock option exercise $ 2 61,723     61,725
Issuance of common stock upon stock option exercise (in shares) 1,500        
Stock compensation expense   162,464     162,464
Repurchases of common stock       (191,730) (191,730)
Net income     115,796   115,796
Balances at Jun. 30, 2020 $ 7,826 $ 40,080,279 $ 101,261,129 $ (11,931,796) $ 129,417,438
Balances (in shares) at Jun. 30, 2020 7,826,180       7,344,955