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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales $ 13,800,000 $ 17,661,000
Cost of goods sold, excluding depreciation and amortization 8,818,000 11,219,000
Gross profit 4,982,000 6,442,000
Operating expenses:    
Selling, general and administrative 4,313,000 4,306,000
Depreciation and amortization 243,000 212,000
Total operating expenses 4,556,000 4,518,000
Income from operations 426,000 1,924,000
Other income:    
Equity in income of unconsolidated affiliate 109,000 49,000
Interest income, net 158,000 1,000
Total other income 267,000 50,000
Income before provision for income taxes 693,000 1,974,000
Provision for income taxes 141,000 452,000
Net income $ 552,000 $ 1,522,000
Basic earnings per common share (in dollars per share) $ 0.05 $ 0.12
Diluted earnings per common share (in dollars per share) $ 0.05 $ 0.12
Basic weighted average common shares outstanding (in shares) 12,150,067 13,058,871
Diluted weighted average common shares outstanding (in shares) 12,193,602 13,159,490