XML 46 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements Of Income And Comprehensive Income (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Consolidated Statements Of Income And Comprehensive Income    
Gross sales $ 33,103,084 $ 32,061,147
Less: discounts and promotional allowances (3,480,960) (2,929,436)
Net sales 29,622,124 29,131,711
Cost of goods sold 20,647,967 21,681,910
Depreciation expense 590,627 783,361
Total cost of goods sold 21,238,594 22,465,271
Gross profit 8,383,530 6,666,440
Selling expenses 4,162,403 3,479,688
General and administrative 2,631,896 2,380,631
Amortization expense 178,919 178,919
Total operating expenses 6,973,218 6,039,238
Income from operations 1,410,312 627,202
Other income (expense):    
Interest and dividend income 25,479 28,698
Rental income 1,800 500
Interest expense (65,341) (65,569)
(Loss)/Gain on sale of investments, net reclassified from OCI (5,093) $ 4,808
Gain on sale of equipment 36,000
Other income (expense), net (98,932)
Total other income (expense) (106,087) $ (31,563)
Income before provision for income taxes 1,304,225 595,639
Provision for income taxes 650,507 298,461
Net income $ 653,718 $ 297,178
Basic and diluted earnings per common share $ 0.04 $ 0.02
Weighted average number of common shares outstanding 16,346,017 16,346,017
COMPREHENSIVE INCOME    
Net income $ 653,718 $ 297,178
Other comprehensive income (loss), net of tax:    
Unrealized gains (losses) on investments (net of tax) (46,260) 8,044
Less reclassification adjustment for (gains) losses and other than temporary impairments included in net income (net of taxes) 112,380 (2,717)
Comprehensive income $ 719,838 $ 302,505