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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 12,109,000 $ 11,282,000 $ 23,551,000 $ 22,032,000
Cost of goods sold, excluding depreciation and amortization 7,390,000 6,795,000 14,377,000 13,252,000
Gross profit 4,719,000 4,487,000 9,174,000 8,780,000
Operating expenses:        
Selling, general and administrative 3,468,000 3,346,000 7,349,000 6,819,000
Depreciation and amortization 144,000 125,000 290,000 279,000
Total operating expenses 3,612,000 3,471,000 7,639,000 7,098,000
Income from operations 1,107,000 1,016,000 1,535,000 1,682,000
Other income:        
Equity in income of unconsolidated affiliate 151,000 129,000 290,000 234,000
Unrealized loss on marketable securities (97,000) (65,000)
Interest income, net 1,000 1,000 1,000 2,000
Total other income 55,000 130,000 226,000 236,000
Income before provision for income taxes 1,162,000 1,146,000 1,761,000 1,918,000
Provision for income taxes 203,000 342,000 294,000 564,000
Net income $ 959,000 $ 804,000 $ 1,467,000 $ 1,354,000
Basic earnings per common share (in dollars per share) $ 0.07 $ 0.05 $ 0.10 $ 0.09
Diluted earnings per common share (in dollars per share) $ 0.07 $ 0.05 $ 0.10 $ 0.09
Basic weighted average common shares outstanding (in shares) 14,086,277 14,953,217 14,151,734 15,079,733
Diluted weighted average common shares outstanding (in shares) 14,127,934 15,006,089 14,219,063 15,151,032