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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 17,373,000 $ 17,806,000 $ 35,034,000 $ 40,967,000
Cost of goods sold, excluding depreciation and amortization 11,761,000 11,574,000 22,980,000 25,556,000
Gross profit 5,612,000 6,232,000 12,054,000 15,411,000
Operating expenses:        
Selling, general and administrative 4,065,000 4,199,000 8,371,000 8,777,000
Depreciation and amortization 227,000 203,000 439,000 401,000
Total operating expenses 4,292,000 4,402,000 8,810,000 9,178,000
Income from operations 1,320,000 1,830,000 3,244,000 6,233,000
Other income:        
Loss on fixed assets (490,000) 0 (490,000) 0
Equity in income of unconsolidated affiliate 50,000 188,000 99,000 510,000
Interest income, net 10,000 0 11,000 1,000
Total other income/(loss) (430,000) 188,000 (380,000) 511,000
Income before provision for income taxes 890,000 2,018,000 2,864,000 6,744,000
Provision for income taxes 197,000 347,000 649,000 1,354,000
Net income $ 693,000 $ 1,671,000 $ 2,215,000 $ 5,390,000
Basic earnings per common share (in dollars per share) $ 0.05 $ 0.13 $ 0.17 $ 0.41
Diluted earnings per common share (in dollars per share) $ 0.05 $ 0.12 $ 0.17 $ 0.40
Basic weighted average common shares outstanding (in shares) 12,834,332 13,246,676 12,945,981 13,294,571
Diluted weighted average common shares outstanding (in shares) 12,908,223 13,511,497 13,032,313 13,621,101