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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 12,049,000 $ 11,779,000 $ 34,082,000 $ 36,334,000
Cost of goods sold, excluding depreciation and amortization 7,337,000 7,263,000 20,589,000 23,032,000
Gross profit 4,712,000 4,516,000 13,493,000 13,302,000
Operating expenses:        
Selling, general and administrative 3,450,000 3,158,000 10,269,000 9,950,000
Depreciation and amortization 147,000 153,000 426,000 425,000
Total operating expenses 3,597,000 3,311,000 10,695,000 10,375,000
Income from operations 1,115,000 1,205,000 2,798,000 2,927,000
Other income:        
Equity in income of unconsolidated affiliate 105,000 242,000 339,000 433,000
Gain on sale of property 385,000 385,000
Interest income, net 1,000 1,000 3,000 3,000
Total other income 491,000 243,000 727,000 436,000
Income before provision for income taxes 1,606,000 1,448,000 3,525,000 3,363,000
Provision for income taxes 503,000 429,000 1,068,000 1,040,000
Net income $ 1,103,000 $ 1,019,000 $ 2,457,000 $ 2,323,000
Basic earnings per common share (in dollars per share) $ 0.07 $ 0.06 $ 0.16 $ 0.14
Diluted earnings per common share (in dollars per share) $ 0.07 $ 0.06 $ 0.16 $ 0.14
Basic weighted average common shares outstanding (in shares) 14,732,173 16,695,059 14,962,606 17,190,073
Diluted weighted average common shares outstanding (in shares) 14,933,426 16,706,532 15,075,940 17,190,073