XML 36 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales $ 12,027,000 $ 12,104,000 $ 35,745,000 $ 35,655,000
Cost of goods sold, excluding depreciation and amortization 7,807,000 7,519,000 22,616,000 21,896,000
Gross profit 4,220,000 4,585,000 13,129,000 13,759,000
Operating expenses:        
Selling, general and administrative 3,172,000 2,676,000 10,108,000 10,024,000
Depreciation and amortization 142,000 140,000 410,000 430,000
Total operating expenses 3,314,000 2,816,000 10,518,000 10,454,000
Income from operations 906,000 1,769,000 2,611,000 3,305,000
Other income:        
Equity in income of unconsolidated affiliate 10,000 103,000 371,000 393,000
Gain (loss) on marketable securities (387,000) 25,000 223,000 (40,000)
Interest income, net 18,000 1,000 52,000 2,000
Total other income (loss) (359,000) 129,000 646,000 355,000
Income before provision for income taxes 547,000 1,898,000 3,257,000 3,660,000
Provision for income taxes 110,000 359,000 592,000 653,000
Net income $ 437,000 $ 1,539,000 $ 2,665,000 $ 3,007,000
Basic earnings per common share (in dollars per share) $ 0.03 $ 0.11 $ 0.20 $ 0.21
Diluted earnings per common share (in dollars per share) $ 0.03 $ 0.11 $ 0.20 $ 0.21
Basic weighted average common shares outstanding (in shares) 13,056,173 13,795,007 13,209,598 14,031,518
Diluted weighted average common shares outstanding (in shares) 13,075,692 13,853,619 13,238,026 14,076,033