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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 409,900 $ 4,046,300
Adjustment to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 75,100 79,400
Stock-based compensation 127,900 34,400
Deferred income taxes 265,600 (2,603,200)
Change in operating assets and liabilities:    
Accounts receivables (1,075,000) (630,900)
Inventories (855,200) (844,900)
Prepaid expenses and other assets 92,100 60,000
Income taxes payable (receivable) (22,400) 6,300
Accounts payable and accrued expenses (16,000) 865,600
Total adjustments to net income (1,407,900) (3,033,300)
Net Cash (Used) Provided by Operating Activities (998,000) 1,013,000
Cash flow from investing activities:    
Cash paid for Acquisition (9,093,000) 0
Purchase of property and equipment (175,700) (87,200)
Net Cash Used by Investing Activities (9,268,700) (87,200)
Cash flow from financing activities:    
Borrowing under line-of-credit 3,694,200 0
Proceeds from issuance of long-term debt 2,400,000 0
Debt issuance costs (75,200) 0
Proceeds from exercise of stock options 27,200 31,700
Net Cash Provided by Financing Activities 6,046,200 31,700
Net (Decrease) Increase in Cash and Cash Equivalents (4,220,500) 957,500
Cash and Cash Equivalents, beginning of period 7,165,100 5,896,600
Cash and Cash Equivalents, end of period 2,944,600 6,854,100
Supplemental disclosures:    
Cash paid during the period for interest $ 17,100 $ 14,600