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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 61,981,000 $ 68,637,000
Cost of goods sold, excluding depreciation and amortization 40,298,000 43,339,000
Gross profit 21,683,000 25,298,000
Operating expenses:    
Selling, general and administrative 16,219,000 16,554,000
Depreciation and amortization 814,000 817,000
Total operating expenses 17,033,000 17,371,000
Income from operations 4,650,000 7,927,000
Other income (expense):    
Equity in income of unconsolidated affiliate 87,000 571,000
Impairment on deposit (490,000) 0
Interest income, net 148,000 2,000
Total other income (expense), net (255,000) 573,000
Income before provision for income taxes 4,395,000 8,500,000
Provision for income taxes 1,113,000 1,744,000
Net income $ 3,282,000 $ 6,756,000
Basic earnings per common share (in dollars per share) $ 0.26 $ 0.51
Diluted earnings per common share (in dollars per share) $ 0.26 $ 0.50
Basic weighted average common shares outstanding (in shares) 12,713,533 13,225,628
Diluted weighted average common shares outstanding (in shares) 12,781,004 13,499,442