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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 46,665,000 $ 46,624,000
Cost of goods sold, excluding depreciation and amortization 29,693,000 28,913,000
Gross profit 16,972,000 17,711,000
Operating expenses:    
Selling, general and administrative 13,348,000 13,312,000
Depreciation and amortization 602,000 525,000
Total operating expenses 13,950,000 13,837,000
Income from operations 3,022,000 3,874,000
Other income (expense):    
Equity in income of unconsolidated affiliate 359,000 587,000
Gain/(loss) from marketable securities 231,000 (50,000)
Interest income, net 68,000 3,000
Total other income, net 658,000 540,000
Income before provision for income taxes 3,680,000 4,414,000
Provision for income taxes 680,000 789,000
Net income $ 3,000,000 $ 3,625,000
Basic earnings per common share (in dollars per share) $ 0.23 $ 0.26
Diluted earnings per common share (in dollars per share) $ 0.23 $ 0.26
Basic weighted average common shares outstanding (in shares) 13,142,872 13,909,688
Diluted weighted average common shares outstanding (in shares) 13,168,725 13,962,819