XML 17 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 10,751,000 $ 11,847,000
Cost of goods sold, excluding depreciation and amortization 6,457,000 7,602,000
Gross profit 4,294,000 4,245,000
Operating expenses:    
Selling, general and administrative 3,474,000 3,457,000
Depreciation and amortization 154,000 154,000
Total operating expenses 3,628,000 3,611,000
Income from operations 666,000 634,000
Other income:    
Equity in income of unconsolidated affiliate 105,000 98,000
Interest income, net 1,000 1,000
Total other income 106,000 99,000
Income before provision for income taxes 772,000 733,000
Provision for income taxes 222,000 226,000
Net income $ 550,000 $ 507,000
Basic earnings per common share (in dollars per share) $ 0.04 $ 0.03
Diluted earnings per common share (in dollars per share) $ 0.04 $ 0.03
Basic weighted average common shares outstanding (in shares) 15,207,659 17,669,331
Diluted weighted average common shares outstanding (in shares) 15,301,801 17,669,331