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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 23,161,000 $ 18,154,000
Cost of goods sold, excluding depreciation and amortization 13,982,000 9,600,000
Gross profit 9,179,000 8,554,000
Operating expenses:    
Selling, general and administrative 4,578,000 4,102,000
Depreciation and amortization 198,000 182,000
Total operating expenses 4,776,000 4,284,000
Income from operations 4,403,000 4,270,000
Other income:    
Equity in income of unconsolidated affiliate 322,000 87,000
Loss on marketable securities (59,000)
Interest income, net 1,000 16,000
Total other income 323,000 44,000
Income before provision for income taxes 4,726,000 4,314,000
Provision (benefit) for income taxes 1,007,000 (1,028,000)
Net income $ 3,719,000 $ 5,342,000
Basic (in dollars per share) $ 0.28 $ 0.41
Diluted (in dollars per share) $ 0.27 $ 0.39
Basic weighted average common shares outstanding (in shares) 13,342,398 13,121,867
Diluted weighted average common shares outstanding (in shares) 13,717,404 13,664,710