<SEC-DOCUMENT>0001157523-19-000839.txt : 20190418
<SEC-HEADER>0001157523-19-000839.hdr.sgml : 20190418
<ACCEPTANCE-DATETIME>20190418161046
ACCESSION NUMBER:		0001157523-19-000839
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190418
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190418
DATE AS OF CHANGE:		20190418

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMCON DISTRIBUTING CO
		CENTRAL INDEX KEY:			0000928465
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-GROCERIES & GENERAL LINE [5141]
		IRS NUMBER:				470702918
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15589
		FILM NUMBER:		19756014

	BUSINESS ADDRESS:	
		STREET 1:		7405 IRVINGTON ROAD
		STREET 2:		POST OFFICE BOX 641940 (68164-7940)
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68122
		BUSINESS PHONE:		4023313727

	MAIL ADDRESS:	
		STREET 1:		7405 IRVINGTON ROAD
		STREET 2:		POST OFFICE BOX 641940 (68164-7940)
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68122
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51971964.htm
<DESCRIPTION>AMCON DISTRIBUTING COMPANY 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      D.C. 20549</b></font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>FORM
      8-K</b></font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>CURRENT
      REPORT</b></font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF THE</b></font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>SECURITIES
      ACT OF 1934</b></font><br><br><br><u><font style="font-family: Times New Roman; font-size: 11pt"><b>Date
      of Report (Date of earliest event reported) April 18, 2019</b></font></u><br><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><u><font style="font-family: Times New Roman; font-size: 11pt"><b>AMCON
      DISTRIBUTING COMPANY</b></font></u><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt">(Exact
      name of registrant as specified in its charter)</font><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><br><br>
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="width: 1%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          &#160;
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-15589</b>
          </p>
        </td>
        <td style="width: 1%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; width: 33%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>47-0702918</b>
          </p>
        </td>
      </tr>
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        <td style="width: 33%; padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of incorporation)
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        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission<br>File Number)
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        </td>
        <td style="width: 1%">

        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
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        </td>
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    <p>
      <br>

    </p>
    <div style="text-align:center">
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          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>7405 Irvington Road, Omaha NE 68122</b>
          </p>
        </td>
        <td style="width: 30%">

        </td>
      </tr>
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        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of principal executive offices) (Zip Code)
          </p>
        </td>
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        </td>
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          &#160;
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        <td style="white-space: nowrap; border-bottom-style: solid; width: 40%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>402-331-3727</b>
          </p>
        </td>
        <td style="width: 30%">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant&#8217;s telephone number, including area code)
          </p>
        </td>
      </tr>
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        <td style="width: 30%">

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        <td style="width: 40%">

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          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Not Applicable</b>
          </p>
        </td>
        <td style="width: 30%">

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      </tr>
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        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Former name or former address, if changed since last report)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p style="text-align: justify">
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p style="text-align: right">
      Emerging growth company&#160;&#160;&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
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        <div style="text-align: left">

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          1
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        </div>
      </div>
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        <div style="text-align: right">

        </div>
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    </div>
    <p style="text-align: left">

    </p>
    <p style="white-space: nowrap; text-align: justify">
      <b>ITEM 2.02 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;RESULTS OF OPERATIONS AND FINANCIAL CONDITION. </b>
    </p>
    <p style="text-align: justify">
      On April 18, 2019 the Company issued a press release announcing
      financial results for its fiscal quarter ended March 31, 2019.&#160;&#160;A copy
      of the press release is attached to this report as an exhibit.
    </p>
    <p style="text-align: justify">
      The information in this report (including the exhibit) shall not be
      deemed to be &quot;filed&quot; for the purposes of Section 18 of the Securities
      Exchange Act of 1934, as amended, or otherwise subject to the
      liabilities of that Section.&#160;&#160;The information set forth in this report
      (including the exhibit) shall not be incorporated by reference into any
      registration statement or other document pursuant to the Securities Act
      of 1933, as amended, except as shall be expressly set forth by specific
      reference in such filing.
    </p>
    <p style="white-space: nowrap; text-align: justify">
      <b>ITEM 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;FINANCIAL STATEMENTS AND EXHIBITS&#160;&#160;</b>
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>EXHIBIT NO.</b></u>
          </p>
        </td>
        <td style="width: 86%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>DESCRIPTION</b></u>
          </p>
        </td>
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          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51971964ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 86%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51971964ex99_1.htm">Press release, dated April 18, 2019,
            issued by AMCON Distributing Company announcing financial results
            for its fiscal quarter ended March 31, 2019.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: justify">

    </p>
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        <div style="text-align: left">

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          2
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    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">SIGNATURE</font><br><br>
    </p>
    <p style="text-align: left">
      Pursuant to the requirements of the Securities and Exchange Act of 1934,
      the registrant has duly caused this report to be signed on its behalf by
      the undersigned hereunto duly authorized.
    </p>
    <p style="text-align: left">

    </p>
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        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>AMCON DISTRIBUTING COMPANY</u>
          </p>
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant)
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        <td style="width: 6%">

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          &#160;
        </td>
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        <td style="width: 5%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="width: 59%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          April 18, 2019
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Andrew C. Plummer
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
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        <td style="width: 5%">

        </td>
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        </td>
        <td style="width: 6%">

        </td>
        <td colspan="2">
          &#160;
        </td>
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        <td style="width: 5%">

        </td>
        <td style="width: 59%">

        </td>
        <td style="width: 6%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Andrew C. Plummer
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 59%">

        </td>
        <td style="width: 6%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            President &amp; Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      3
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51971964ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>AMCON
      Distributing Company Reports Fully Diluted Earnings Per Share of $2.45
      for the Quarter Ended March 31, 2019</b></font>
    </p>
    <p>
      OMAHA, Neb.--(BUSINESS WIRE)--April 18, 2019--AMCON Distributing Company
      (&#8220;AMCON&#8221;) (NYSE American:DIT), an Omaha, Nebraska based consumer
      products company is pleased to announce fully diluted earnings per share
      of $2.45 on net income available to common shareholders of $1.5 million
      for its second fiscal quarter ended March 31, 2019.
    </p>
    <p>
      &#8220;AMCON&#8217;s newly enhanced distribution facility in Bismarck, North Dakota
      began shipping this quarter. Our management team and associates did a
      tremendous job in completing this project in a challenging weather
      environment. We have been a long-term service provider in the northern
      marketplace and this new investment reinforces our commitment to the
      success of our customers,&#8221; said Christopher H. Atayan, AMCON&#8217;s Chairman
      and Chief Executive Officer. He further noted, &#8220;Our organization
      continues its close collaboration with customers to design leading edge
      foodservice programs that are competitive with quick-service
      restaurants. Additionally, we are actively seeking strategic acquisition
      opportunities that we believe can benefit from AMCON&#8217;s portfolio of
      technologies and services.&#8221;
    </p>
    <p>
      &#8220;We are actively evaluating a number of additional strategic facility
      initiatives to support the growth needs of our customer base. Our
      emphasis on first class service and reliability is the foundation of our
      position as a leader in the convenience distribution industry. As such,
      we will continue to make investments in people, facilities and equipment
      necessary for sustained excellence,&#8221; said Andrew C. Plummer, AMCON&#8217;s
      President and Chief Operating Officer. He further noted, &#8220;Our <i>Healthy
      Edge Retail Group</i> management team is implementing a comprehensive
      merchandising and point of sale system update to our base of retail
      health food stores. These initiatives are in support of our objective of
      being a total wellness solution for consumers.&#8221; Mr. Plummer further
      added, &#8220;We were pleased to close March 31, 2019 with total shareholders&#8217;
      equity of $64.8 million and consolidated debt of $21.4 million.&#8221;
    </p>
    <p>
      AMCON is a leading wholesale distributor of consumer products, including
      beverages, candy, tobacco, groceries, foodservice, frozen and chilled
      foods, and health and beauty care products with locations in Illinois,
      Missouri, Nebraska, North Dakota, South Dakota and Tennessee. AMCON also
      operates twenty-two (22) health and natural product retail stores in the
      Midwest and Florida. The retail stores operate under the names Akin&#8217;s
      Natural Foods Market <u>www.akins.com</u> in its Midwest market, and
      Chamberlin's Market &amp; Cafe <u>www.chamberlins.com</u> and Earth
      Origins Market <u>www.earthoriginsmarket.com</u> in its Florida market.
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
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    </div>
    <p>
      <i>This news release contains forward-looking statements that are
      subject to risks and uncertainties and which reflect management's
      current beliefs and estimates of future economic circumstances, industry
      conditions, Company performance and financial results. A number of
      factors could affect the future results of the Company and could cause
      those results to differ materially from those expressed in the Company's
      forward-looking statements including, without limitation, availability
      of sufficient cash resources to conduct its business and meet its
      capital expenditures needs and the other factors described under Item
      1.A. of the Company&#8217;s Annual Report on Form 10-K. Moreover, past
      financial performance should not be considered a reliable indicator of
      future performance. Accordingly, the Company claims the protection of
      the safe harbor for forward-looking statements contained in the Private
      Securities Litigation Reform Act of 1995 with respect to all such
      forward-looking statements.</i>
    </p>
    <p style="text-align: center">
      <b>Visit AMCON Distributing Company's web site at: <u>www.amcon.com</u></b>
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>AMCON Distributing Company and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Condensed Consolidated Balance Sheets</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>March 31, 2019 and September&#160;30, 2018</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="3">
          <b>March</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="3">
          <b>September</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2019</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="3">
          <b>(Unaudited)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Current assets:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Cash
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          642,116
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          520,644
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accounts receivable, less allowance for doubtful accounts of $0.9
          million at March 2019 and September 2018
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          28,016,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          31,428,845
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Inventories, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          57,650,559
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          78,869,615
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Income taxes receivable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          272,112
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Prepaid and other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          7,343,497
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          4,940,775
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Total current assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          93,652,415
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          116,031,991
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          16,915,409
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          15,768,484
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Goodwill
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4,436,950
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4,436,950
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Other intangible assets, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,383,686
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,414,936
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Other assets
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          293,896
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          301,793
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Total assets
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          118,682,356
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          139,954,154
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Current liabilities:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          20,570,694
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          20,826,834
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accrued expenses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          7,106,050
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,556,620
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accrued wages, salaries and bonuses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,683,504
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,965,733
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Income taxes payable
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,630
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Current maturities of long-term debt
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          803,612
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,096,306
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          31,165,490
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          34,445,493
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Credit facility
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          17,224,197
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          35,428,597
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Deferred income tax liability, net
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,009,719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,782,801
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Long-term debt, less current maturities
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,394,116
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,658,391
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          40,033
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          38,055
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Shareholders&#8217; equity:
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Preferred stock, $.01 par value, 1,000,000 shares authorized
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Common stock, $.01 par value, 3,000,000 shares authorized, 592,768
          shares outstanding at March 2019 and 615,777 shares outstanding at
          September 2018
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,561
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,441
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          23,148,372
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          22,069,098
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Retained earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          66,203,466
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          63,848,030
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Treasury stock at cost
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (24,511,598
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: right" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (21,324,752
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Total shareholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          64,848,801
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          64,600,817
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Total liabilities and shareholders&#8217; equity
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          118,682,356
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          139,954,154
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="17">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>AMCON Distributing Company and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="17">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Condensed Consolidated Unaudited Statements of Operations</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="17">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>for the three and six months ended March 31, 2019 and 2018</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>For the three months ended March</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>For the six months ended March</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2019</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2019</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Sales (including excise taxes of $82.9 million and $83.1 million,
          and $175.9 million and $171.7 million respectively)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          310,715,873
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          295,207,286
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          655,449,793
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          610,720,495
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Cost of sales
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          290,126,453
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          278,141,110
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          614,228,235
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          575,462,557
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Gross profit
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          20,589,420
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          17,066,176
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          41,221,558
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          35,257,938
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          17,391,681
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          15,619,420
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          35,348,896
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          31,973,028
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          641,228
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          537,903
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,249,236
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,068,908
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          18,032,909
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          16,157,323
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          36,598,132
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          33,041,936
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Operating income
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          2,556,511
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          908,853
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          4,623,426
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          2,216,002
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Other expense (income):
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Interest expense
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          396,576
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          313,364
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          719,526
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          515,555
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Other (income), net
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (36,280
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (27,410
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (39,636
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (32,543
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          360,296
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          285,954
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          679,890
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          483,012
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Income from operations before income taxes
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,196,215
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          622,899
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,943,536
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,732,990
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Income tax expense (benefit)
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          673,000
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          284,000
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,175,000
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (86,000
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Net income available to common shareholders
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          1,523,215
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          338,899
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          2,768,536
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          1,818,990
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Basic earnings per share available to common shareholders
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.49
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.49
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.64
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Diluted earnings per share available to common shareholders
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.49
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.44
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.61
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Basic weighted average shares outstanding
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          611,824
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          689,480
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          614,874
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          688,570
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Diluted weighted average shares outstanding
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          620,769
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          697,406
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          623,848
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          697,563
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Dividends declared and paid per common share
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.64
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.64
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="24">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>AMCON Distributing Company and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="24">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Condensed Consolidated Unaudited Statements of Shareholders&#8217;
            Equity</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="24">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>for the three and six months ended March 31, 2019 and 2018</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <b>Additional</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom" colspan="4">
          <b>Common Stock</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>Treasury Stock</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom" colspan="2">
          <b>Paid in</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom" colspan="3">
          <b>Retained</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Shares</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>Amount</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>Shares</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>Amount</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>Capital</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>Earnings</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>Total</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>THREE MONTHS ENDED MARCH 2018</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Balance, January 1, 2018
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          844,089
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,441
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (153,603
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (13,616,477
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          22,009,620
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          62,086,133
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          70,487,717
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Dividends on common stock, $0.18 per share
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (128,990
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (128,990
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Compensation expense and issuance of stock in connection with
          equity-based awards
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          26,942
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          26,942
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Repurchase of common stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (6,482
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (629,353
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (629,353
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          338,899
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          338,899
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Balance, March 31, 2018
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          844,089
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          8,441
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (160,085
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (14,245,830
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          22,036,562
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          62,296,042
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          70,095,215
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>THREE MONTHS ENDED MARCH 2019</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Balance, January 1, 2019
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          856,039
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,561
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (238,744
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (22,242,837
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          23,110,713
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          64,796,415
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          65,672,852
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Dividends on common stock, $0.18 per share
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (116,164
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (116,164
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Compensation expense and issuance of stock in connection with
          equity-based awards
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          37,659
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          37,659
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Repurchase of common stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (24,527
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (2,268,761
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (2,268,761
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,523,215
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,523,215
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Balance, March 31, 2019
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          856,039
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          8,561
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (263,271
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (24,511,598
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          23,148,372
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          66,203,466
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          64,848,801
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <b>Additional</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom" colspan="4">
          <b>Common Stock</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>Treasury Stock</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom" colspan="2">
          <b>Paid in</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom" colspan="3">
          <b>Retained</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Shares</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>Amount</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>Shares</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>Amount</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>Capital</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>Earnings</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="3">
          <b>Total</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>SIX MONTHS ENDED MARCH 2018</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Balance, October 1, 2017
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          831,438
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,314
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (153,432
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (13,601,302
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          20,825,919
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          60,935,911
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          68,168,842
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Dividends on common stock, $0.64 per share
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (458,859
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (458,859
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Compensation expense and issuance of stock in connection with
          equity-based awards
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          12,651
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          127
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,210,643
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,210,770
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Repurchase of common stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (6,653
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (644,528
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (644,528
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,818,990
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,818,990
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Balance, March 31, 2018
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          844,089
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          8,441
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (160,085
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (14,245,830
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          22,036,562
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          62,296,042
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          70,095,215
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>SIX MONTHS ENDED MARCH 2019</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Balance, October 1, 2018
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          844,089
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,441
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (228,312
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (21,324,752
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          22,069,098
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          63,848,030
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          64,600,817
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Dividends on common stock, $0.64 per share
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (413,100
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (413,100
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Compensation expense and issuance of stock in connection with
          equity-based awards
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          11,950
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          120
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,079,274
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,079,394
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Repurchase of common stock
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (34,959
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,186,846
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,186,846
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          2,768,536
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          2,768,536
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Balance, March 31, 2019
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          856,039
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          8,561
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (263,271
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          (24,511,598
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          23,148,372
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          66,203,466
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          64,848,801
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>AMCON Distributing Company and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Condensed Consolidated Unaudited Statements of Cash Flows</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>for the six months ended March 31, 2019 and 2018</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <b>March</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <b>March</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2019</b>
        </td>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom" colspan="2">
          <b>2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          CASH FLOWS FROM OPERATING ACTIVITIES:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,768,536
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,818,990
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Adjustments to reconcile net income from operations to net cash
            flows from operating activities:
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Depreciation
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,217,986
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,020,783
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Amortization
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          31,250
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          48,125
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Gain on sale of property and equipment
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (17,832
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (300
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Equity-based compensation
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          622,390
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          642,785
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          226,918
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (423,322
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Provision (recovery) for losses on doubtful accounts
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          59,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (77,000
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Inventory allowance
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          240,699
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (231,625
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Other
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,978
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,978
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Changes in assets and liabilities:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accounts receivable
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,353,602
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,521,705
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Inventories
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          20,978,357
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (2,951,171
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Prepaid and other current assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (2,402,722
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,216,336
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Other assets
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          7,897
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (19,903
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accounts payable
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (467,687
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          126,012
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accrued expenses and accrued wages, salaries and bonuses
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (2,275,795
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,059,839
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Income taxes payable / receivable
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          273,742
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (368,469
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Net cash flows from operating activities
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          24,618,319
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          1,265,085
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          CASH FLOWS FROM INVESTING ACTIVITIES:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Purchase of property and equipment
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (2,159,232
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,366,767
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Proceeds from sales of property and equipment
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          23,700
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          300
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Net cash flows (used in) investing activities
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (2,135,532
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (1,366,467
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          CASH FLOWS FROM FINANCING ACTIVITIES:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Borrowings under revolving credit facility
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          642,850,736
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          623,945,799
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Repayments under revolving credit facility
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (661,055,136
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (622,433,675
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Principal payments on long-term debt
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (556,969
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (185,753
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Repurchase of common stock
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,186,846
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (644,528
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Dividends on common stock
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (413,100
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (458,859
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Withholdings on the exercise of equity-based awards
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (79,850
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Net cash flows from (used in) financing activities
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          (22,361,315
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          143,134
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net change in cash
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          121,472
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          41,752
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Cash, beginning of period
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          520,644
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          523,065
        </td>
        <td style="border-bottom-style: solid; border-bottom-color: black; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Cash, end of period
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          642,116
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; border-bottom-style: double; padding-left: 0.0px; border-bottom-color: black; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px" valign="bottom">
          564,817
        </td>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Supplemental disclosure of cash flow information:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Cash paid during the period for interest
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          774,784
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          489,840
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Cash paid during the period for income taxes
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          674,340
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          705,790
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Supplemental disclosure of non-cash information:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Equipment acquisitions classified in accounts payable
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          212,800
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          63,962
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Issuance of common stock in connection with the vesting and
            exercise of equity-based awards
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,005,792
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,183,091
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Christopher H. Atayan<br>AMCON Distributing Company<br>Ph
      402-331-3727
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
