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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 16,053,000 $ 14,722,000 $ 45,967,000 $ 49,756,000
Cost of goods sold, excluding depreciation and amortization 10,018,000 9,904,000 28,844,000 32,884,000
Gross profit 6,035,000 4,818,000 17,123,000 16,872,000
Operating expenses:        
Selling, general and administrative 4,387,000 3,970,000 13,275,000 12,341,000
Depreciation and amortization 225,000 201,000 687,000 641,000
Total operating expenses 4,612,000 4,171,000 13,962,000 12,982,000
Income from operations 1,423,000 647,000 3,161,000 3,890,000
Other income (loss):        
Loss on fixed assets 0 0 0 (490,000)
Equity in income (loss) of unconsolidated affiliate 180,000 (13,000) 392,000 87,000
Interest income, net 222,000 28,000 549,000 39,000
Total other income (loss) 402,000 15,000 941,000 (364,000)
Income before provision for income taxes 1,825,000 662,000 4,102,000 3,526,000
Provision for income taxes 395,000 159,000 974,000 808,000
Net income $ 1,430,000 $ 503,000 $ 3,128,000 $ 2,718,000
Basic earnings per common share (in dollars per share) $ 0.12 $ 0.04 $ 0.26 $ 0.21
Diluted earnings per common share (in dollars per share) $ 0.12 $ 0.04 $ 0.26 $ 0.21
Basic weighted average common shares outstanding (in shares) 11,781,071 12,615,187 11,974,336 12,834,505
Diluted weighted average common shares outstanding (in shares) 11,781,071 12,688,381 11,974,336 12,909,870