XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net Sales $ 32,802,163 $ 28,129,051 $ 36,741,896 $ 32,988,443
Cost of Goods Sold 25,064,608 21,626,419 27,925,192 25,342,128
Gross Profit 7,737,555 6,502,632 8,816,704 7,646,315
Operating Expenses        
Selling expenses 2,381,456 2,227,223 2,845,203 2,652,101
General and administrative expenses 4,007,513 1,467,131 5,366,744 2,713,982
Depreciation 43,389 43,795 86,602 87,590
Total Operating Expenses 6,432,358 3,738,149 8,298,549 5,453,673
Income from Operations 1,305,197 2,764,483 518,155 2,192,642
Other Expenses        
Interest expense (95,298) (67,038) (95,581) (83,065)
Financing costs (3,333) (18,520) (24,939) (37,039)
Total Other Expenses (98,631) (85,558) (120,520) (120,104)
Income Before Income Tax Provision 1,206,566 2,678,925 397,635 2,072,538
Income Tax Provision (422,290) (868,449) (140,369) (699,135)
Net Income $ 784,276 $ 1,810,476 $ 257,266 $ 1,373,403
Income per Common Share        
Basic $ 0.02 $ 0.05 $ 0.01 $ 0.04
Diluted $ 0.02 $ 0.05 $ 0.01 $ 0.04
Weighted Average Common and Common Equivalent Shares:        
Basic 38,274,371 38,205,186 38,266,878 38,193,247
Diluted 39,160,863 38,980,571 39,153,371 38,968,632