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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 11,415,000 $ 12,109,000 $ 23,718,000 $ 23,551,000
Cost of goods sold, excluding depreciation and amortization 7,309,000 7,390,000 14,809,000 14,377,000
Gross profit 4,106,000 4,719,000 8,909,000 9,174,000
Operating expenses:        
Selling, general and administrative 3,262,000 3,468,000 6,937,000 7,349,000
Depreciation and amortization 140,000 144,000 267,000 290,000
Total operating expenses 3,402,000 3,612,000 7,204,000 7,639,000
Income from operations 704,000 1,107,000 1,705,000 1,535,000
Other income:        
Equity in income of unconsolidated affiliate 84,000 151,000 361,000 290,000
Gain (loss) on marketable securities 439,000 (97,000) 609,000 (65,000)
Interest income, net 21,000 1,000 34,000 1,000
Total other income 544,000 55,000 1,004,000 226,000
Income before provision for income taxes 1,248,000 1,162,000 2,709,000 1,761,000
Provision for income taxes 238,000 203,000 481,000 294,000
Net income $ 1,010,000 $ 959,000 $ 2,228,000 $ 1,467,000
Basic earnings per common share (in dollars per share) $ 0.08 $ 0.07 $ 0.17 $ 0.10
Diluted earnings per common share (in dollars per share) $ 0.08 $ 0.07 $ 0.17 $ 0.10
Basic weighted average common shares outstanding (in shares) 13,184,321 14,086,277 13,287,583 14,151,734
Diluted weighted average common shares outstanding (in shares) 13,208,138 14,127,934 13,346,146 14,219,063