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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 14,722,000 $ 14,475,000 $ 49,756,000 $ 55,442,000
Cost of goods sold, excluding depreciation and amortization 9,904,000 9,533,000 32,884,000 35,089,000
Gross profit 4,818,000 4,942,000 16,872,000 20,353,000
Operating expenses:        
Selling, general and administrative 3,970,000 3,884,000 12,341,000 12,661,000
Depreciation and amortization 201,000 209,000 641,000 611,000
Total operating expenses 4,171,000 4,093,000 12,982,000 13,272,000
Income from operations 647,000 849,000 3,890,000 7,081,000
Other income (loss):        
Loss on fixed assets     (490,000)  
Equity in income (loss) of unconsolidated affiliate (13,000) 112,000 87,000 623,000
Interest income, net 28,000 1,000 39,000 2,000
Total other income (loss) 15,000 113,000 (364,000) 625,000
Income before provision for income taxes 662,000 962,000 3,526,000 7,706,000
Provision for income taxes 159,000 196,000 808,000 1,550,000
Net income $ 503,000 $ 766,000 $ 2,718,000 $ 6,156,000
Basic earnings per common share (in dollars per share) $ 0.04 $ 0.06 $ 0.21 $ 0.46
Diluted earnings per common share (in dollars per share) $ 0.04 $ 0.06 $ 0.21 $ 0.45
Basic weighted average common shares outstanding (in shares) 12,615,187 13,177,520 12,834,505 13,255,125
Diluted weighted average common shares outstanding (in shares) 12,688,381 13,419,485 12,909,870 13,555,925