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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 13,482,000 $ 13,800,000
Cost of goods sold, excluding depreciation and amortization 8,065,000 8,818,000
Gross profit 5,417,000 4,982,000
Operating expenses:    
Selling, general and administrative 4,847,000 4,313,000
Depreciation and amortization 244,000 243,000
Total operating expenses 5,091,000 4,556,000
Income from operations 326,000 426,000
Other income (loss):    
Equity in income of unconsolidated affiliate 138,000 109,000
Interest income, net 258,000 158,000
Total other income 396,000 267,000
Income before provision for income taxes 722,000 693,000
Provision for income taxes 146,000 141,000
Net income $ 576,000 $ 552,000
Basic earnings per common share (in dollars per share) $ 0.05 $ 0.05
Diluted earnings per common share (in dollars per share) $ 0.05 $ 0.05
Basic weighted average common shares outstanding (in shares) 11,285,296 12,150,067
Diluted weighted average common shares outstanding (in shares) 11,389,394 12,193,602