XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 6,545,000 $ 6,197,000 $ 16,126,000 $ 14,525,000
Costs of revenues:        
Total costs of revenues 3,617,000 3,435,000 9,327,000 8,053,000
Gross profit 2,928,000 2,762,000 6,799,000 6,472,000
Selling, general and administrative expenses 1,790,000 1,806,000 5,290,000 5,401,000
Income from operations 1,138,000 956,000 1,509,000 1,071,000
Other income/(expense):        
Dividend income from Progressive Beef 30,000 30,000 90,000 90,000
Gain on sale of assets 19,000 9,000 19,000
Other income, net 2,000 1,000 6,000
Loan forgiveness from Paycheck Protection Program     1,037,000
(Loss)/gain on foreign currency exchange (2,000) (2,000) (9,000) (1,000)
Interest expense (1,000) (4,000) (5,000) (9,000)
Income before income taxes 1,165,000 1,001,000 2,632,000 1,176,000
Income tax expense 298,000 271,000 413,000 336,000
Net income $ 867,000 $ 730,000 $ 2,219,000 $ 840,000
Per share - net income:        
Basic $ 0.14 $ 0.12 $ 0.36 $ 0.14
Diluted $ 0.14 $ 0.12 $ 0.36 $ 0.13
Weighted average number of common shares outstanding:        
Basic 6,094 6,187 6,146 6,215
Diluted 6,157 6,224 6,207 6,254
Verification And Certification Service Revenue [Member]        
Revenues:        
Total revenues $ 4,701,000 $ 4,307,000 $ 11,659,000 $ 10,218,000
Costs of revenues:        
Total costs of revenues 2,438,000 2,233,000 6,363,000 5,283,000
Product Sales [Member]        
Revenues:        
Total revenues 1,383,000 1,362,000 3,071,000 2,883,000
Costs of revenues:        
Total costs of revenues 864,000 866,000 1,969,000 1,869,000
Software and Related Consulting Revenue [Member]        
Revenues:        
Total revenues 461,000 528,000 1,396,000 1,424,000
Costs of revenues:        
Total costs of revenues $ 315,000 $ 336,000 $ 995,000 $ 901,000