XML 48 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Sales $ 22,861,201 $ 13,659,395 $ 59,818,168 $ 40,448,530
Cost of goods sold 17,674,747 11,182,226 49,047,917 33,278,876
Gross margin 5,186,454 2,477,169 10,770,251 7,169,654
Expenses:        
Selling, general and administrative expenses 3,893,618 2,858,911 8,311,199 6,672,858
Depreciation and amortization 67,886 98,237 227,558 275,721
Total expenses 3,961,504 2,957,148 8,538,757 6,948,579
Operating income (loss) 1,224,950 (479,979) 2,231,494 221,075
Other (income) expense:        
Other income, net (955) (6,527) (54,285) (58,822)
Interest expense 148,720 38,100 240,778 130,630
Total other (income) expense 147,765 31,573 186,493 71,808
Income (loss) before income taxes 1,077,185 (511,552) 2,045,001 149,267
Income tax expense (benefit) 41,710 (16,646) 65,364 23,787
Net income (loss) $ 1,035,475 $ (494,906) $ 1,979,637 $ 125,480
Basic net income (loss) per common share: $ 0.04 $ (0.02) $ 0.08 $ 0.00
Diluted net income (loss) per common share: $ 0.04 $ (0.02) $ 0.08 $ 0.00
Weighted-average number of common shares        
Basic 26,924,381 26,924,381 26,924,381 26,924,381
Diluted 26,924,381 26,924,381 26,924,381 27,107,339