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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 30,027,000 $ 12,027,000 $ 73,681,000 $ 35,745,000
Cost of goods sold, excluding depreciation and amortization 14,891,000 7,807,000 37,378,000 22,616,000
Gross profit 15,136,000 4,220,000 36,303,000 13,129,000
Operating expenses:        
Selling, general and administrative 4,580,000 3,172,000 13,236,000 10,108,000
Depreciation and amortization 186,000 142,000 546,000 410,000
Total operating expenses 4,766,000 3,314,000 13,782,000 10,518,000
Income from operations 10,370,000 906,000 22,521,000 2,611,000
Other income:        
Equity in income of unconsolidated affiliate 250,000 10,000 456,000 371,000
Gain (loss) on marketable securities (24,000) (387,000) (42,000) 223,000
Interest income, net 1,000 18,000 17,000 52,000
Total other income 227,000 (359,000) 431,000 646,000
Income before provision for income taxes 10,597,000 547,000 22,952,000 3,257,000
Provision for income taxes 2,490,000 110,000 3,284,000 592,000
Net income $ 8,107,000 $ 437,000 $ 19,668,000 $ 2,665,000
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.03 $ 1.46 $ 0.20
Diluted earnings per common share (in dollars per share) $ 0.58 $ 0.03 $ 1.41 $ 0.20
Basic weighted average common shares outstanding (in shares) 13,588,554 13,056,173 13,431,210 13,209,598
Diluted weighted average common shares outstanding (in shares) 14,033,027 13,075,692 13,977,564 13,238,026