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INTERIM FINANCIAL STATEMENTS (Tables)
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of effects of the restatement from correction of this error

The following table summarizes the effects of the restatement resulting from the correction of this error.

 

   Nine Months Ended 
   September 30, 2018 
   Previously         
   Reported   Adjustment   Restated 
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME:               
Revenue  $58,397,420   $927,257   $57,470,163 
Gross profit   13,433,164    927,257    12,505,907 
Net income  3,842,143   742,257   3,099,886 
Comprehensive income  $3,856,943   $742,257   $3,114,686 
Earnings per common share – basic  $0.43   $0.08   $0.35 
Earnings per common share – diluted  $0.43   $0.08   $0.35 
                
CONDENSED STATEMENT OF SHAREHOLDERS’ EQUITY:               
Net income  $3,842,143   $742,257   $3,099,886 
Total shareholders’ equity  $78,752,359   $742,257   $78,010,102 

  

   Three Months Ended
September 30, 2018
 
   Previously
Reported
   Adjustment   Restated 
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME:            
Revenue  $19,944,558   $927,257   $19,017,301 
Gross profit   4,798,478    927,257    3,871,221 
Net income  1,328,153   742,257   585,896 
Comprehensive income  $1,348,753   $742,257   $606,496 
Earnings per common share – basic  $0.15   $0.08   $0.07 
Earnings per common share – diluted  $0.15   $0.08   $0.07