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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 7,107,000 $ 7,011,000 $ 19,084,000 $ 18,404,000
Costs of revenues:        
Total costs of revenues 4,333,000 4,145,000 11,323,000 10,889,000
Gross profit 2,774,000 2,866,000 7,761,000 7,515,000
Selling, general and administrative expenses 2,166,000 1,920,000 6,309,000 5,741,000
Income from operations 608,000 946,000 1,452,000 1,774,000
Other income/(expense):        
Dividend income from Progressive Beef 50,000 50,000 150,000 150,000
Other income, net 15,000 16,000 29,000 36,000
Gain on sale of assets 1,000 1,000 5,000
Loss on foreign currency exchange (2,000) (4,000) (6,000)
Interest expense (1,000) (1,000) (3,000) (3,000)
Income before income taxes 673,000 1,009,000 1,625,000 1,956,000
Income tax expense 181,000 286,000 466,000 580,000
Net income $ 492,000 $ 723,000 $ 1,159,000 $ 1,376,000
Per share - net income        
Basic $ 0.09 $ 0.13 $ 0.22 $ 0.25
Diluted $ 0.09 $ 0.13 $ 0.21 $ 0.24
Weighted average number of common shares outstanding:        
Basic 5,342 5,599 5,398 5,605
Diluted 5,357 5,658 5,415 5,669
Verification and Certification Service Revenue [Member]        
Revenues:        
Total revenues $ 5,486,000 $ 5,359,000 $ 15,172,000 $ 13,944,000
Costs of revenues:        
Total costs of revenues 3,288,000 3,123,000 8,831,000 8,055,000
Product Sales [Member]        
Revenues:        
Total revenues 1,329,000 1,221,000 2,881,000 3,130,000
Costs of revenues:        
Total costs of revenues 841,000 681,000 1,744,000 1,804,000
Professional Services [Member]        
Revenues:        
Total revenues 292,000 431,000 1,031,000 1,330,000
Costs of revenues:        
Total costs of revenues $ 204,000 $ 341,000 $ 748,000 $ 1,030,000