14. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

14. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2014 and 2013:

	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Total Year
2014
Net sales	$	65,783,284	$	68,822,520	$	72,729,678	$	78,906,687	$	286,242,169
Gross margin		21,853,149		22,585,662		24,273,792		27,648,122		96,360,725
Net income		723,788		1,511,461		3,138,507		4,471,542		9,845,298
Dividends paid		753,981		754,321		754,665		755,012		3,017,979
Net income per common share:
Basic	$	0.10	$	0.20	$	0.42	$	0.59	$	1.30
Diluted	$	0.10	$	0.20	$	0.42	$	0.59	$	1.30

	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Total Year
2013
Net sales	$	53,715,476	$	59,419,751	$	70,176,216	$	61,559,288	$	244,870,731
Gross margin		18,670,770		20,310,487		22,739,670		21,821,524		83,542,451
Net income		892,096		1,772,280		2,934,196		1,774,184		7,372,756
Dividends paid		-		750,357		752,933		751,645		2,254,935
Net income per common share:
Basic	$	0.12	$	0.24	$	0.39	$	0.24	$	0.98
Diluted	$	0.12	$	0.24	$	0.39	$	0.24	$	0.98

(a) Includes after-tax acquisition related expenses of $0.1 million and $0.7 million for the third and fourth quarter, respectively, as discussed in Note 15.