XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 61,232,000 $ 61,981,000
Cost of goods sold, excluding depreciation and amortization 38,403,000 40,298,000
Gross profit 22,829,000 21,683,000
Operating expenses:    
Selling, general and administrative 17,772,000 16,219,000
Depreciation and amortization 925,000 814,000
Total operating expenses 18,697,000 17,033,000
Income from operations 4,132,000 4,650,000
Other income (expense):    
Equity in income (loss) of unconsolidated affiliate 477,000 87,000
Impairment on deposit 0 (490,000)
Interest income, net 816,000 148,000
Total other income (loss) 1,293,000 (255,000)
Income before provision for income taxes 5,425,000 4,395,000
Provision for income taxes 1,236,000 1,113,000
Net income $ 4,189,000 $ 3,282,000
Basic earnings per common share (in dollars per share) $ 0.35 $ 0.26
Diluted earnings per common share (in dollars per share) $ 0.35 $ 0.26
Basic weighted average common shares outstanding (in shares) 11,856,356 12,713,533
Diluted weighted average common shares outstanding (in shares) 11,856,356 12,781,004