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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 12,304,000 $ 11,442,000
Cost of goods sold, excluding depreciation and amortization 7,500,000 6,987,000
Gross profit 4,804,000 4,455,000
Operating expenses:    
Selling, general and administrative 3,675,000 3,881,000
Depreciation and amortization 127,000 146,000
Total operating expenses 3,802,000 4,027,000
Income from operations 1,002,000 428,000
Other income:    
Equity in income of unconsolidated affiliate 277,000 139,000
Gain on marketable securities 170,000 32,000
Interest income, net 12,000 1,000
Total other income 459,000 172,000
Income before provision for income taxes 1,461,000 600,000
Provision for income taxes 243,000 92,000
Net income $ 1,218,000 $ 508,000
Basic earnings per common share (in dollars per share) $ 0.09 $ 0.04
Diluted earnings per common share (in dollars per share) $ 0.09 $ 0.04
Basic weighted average common shares outstanding (in shares) 13,391,992 14,217,919
Diluted weighted average common shares outstanding (in shares) 13,469,497 14,383,005