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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net sales $ 11,442,000 $ 10,751,000
Cost of goods sold, excluding depreciation and amortization 6,987,000 6,457,000
Gross profit 4,455,000 4,294,000
Operating expenses:    
Selling, general and administrative 3,881,000 3,474,000
Depreciation and amortization 146,000 154,000
Total operating expenses 4,027,000 3,628,000
Income from operations 428,000 666,000
Other income:    
Equity in income of unconsolidated affiliate 139,000 105,000
Unrealized gain recognized in earings since January 1, 2018 32,000
Interest income, net 1,000 1,000
Total other income 172,000 106,000
Income before provision for income taxes 600,000 772,000
Provision for income taxes 92,000 222,000
Net income $ 508,000 $ 550,000
Basic earnings per common share (in dollars per share) $ 0.04 $ 0.04
Diluted earnings per common share (in dollars per share) $ 0.04 $ 0.04
Basic weighted average common shares outstanding (in shares) 14,217,919 15,207,659
Diluted weighted average common shares outstanding (in shares) 14,383,005 15,301,801