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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 6,395,000 $ 6,126,000 $ 11,977,000 $ 11,393,000
Costs of revenues:        
Total costs of revenues 3,737,000 3,620,000 6,990,000 6,744,000
Gross profit 2,658,000 2,506,000 4,987,000 4,649,000
Selling, general and administrative expenses 2,075,000 1,833,000 4,143,000 3,821,000
Income from operations 583,000 673,000 844,000 828,000
Other income/(loss):        
Dividend income from Progressive Beef 100,000 50,000 100,000 100,000
Other income, net 7,000 11,000 14,000 20,000
Gain on sale of assets 5,000 5,000
Loss on foreign currency exchange (2,000) (2,000) (4,000) (4,000)
Interest expense (1,000) (1,000) (2,000) (2,000)
Income before income taxes 687,000 736,000 952,000 947,000
Income tax expense 198,000 204,000 285,000 294,000
Net income $ 489,000 $ 532,000 $ 667,000 $ 653,000
Per share - net income        
Basic $ 0.09 $ 0.09 $ 0.12 $ 0.12
Diluted $ 0.09 $ 0.09 $ 0.12 $ 0.11
Weighted average number of common shares outstanding:        
Basic 5,371 5,670 5,426 5,693
Diluted 5,388 5,735 5,444 5,760
Verification and Certification Service Revenue [Member]        
Revenues:        
Total revenues $ 5,252,000 $ 4,779,000 $ 9,686,000 $ 8,585,000
Costs of revenues:        
Total costs of revenues 3,028,000 2,736,000 5,543,000 4,932,000
Product Sales [Member]        
Revenues:        
Total revenues 819,000 938,000 1,552,000 1,909,000
Costs of revenues:        
Total costs of revenues 469,000 555,000 903,000 1,123,000
Professional Services [Member]        
Revenues:        
Total revenues 324,000 409,000 739,000 899,000
Costs of revenues:        
Total costs of revenues $ 240,000 $ 329,000 $ 544,000 $ 689,000