XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales $ 16,289,000 $ 16,115,000 $ 29,772,000 $ 29,914,000
Cost of goods sold, excluding depreciation and amortization 9,448,000 10,009,000 17,513,000 18,826,000
Gross profit 6,841,000 6,106,000 12,259,000 11,088,000
Operating expenses:        
Selling, general and administrative 4,884,000 4,575,000 9,732,000 8,888,000
Depreciation and amortization 245,000 219,000 489,000 462,000
Total operating expenses 5,129,000 4,794,000 10,221,000 9,350,000
Income from operations 1,712,000 1,312,000 2,038,000 1,738,000
Other income:        
Equity in income of unconsolidated affiliate 200,000 103,000 338,000 212,000
Interest income, net 207,000 169,000 465,000 327,000
Total other income 407,000 272,000 803,000 539,000
Income before provision for income taxes 2,119,000 1,584,000 2,841,000 2,277,000
Provision for income taxes 475,000 438,000 621,000 579,000
Net income $ 1,644,000 $ 1,146,000 $ 2,220,000 $ 1,698,000
Basic earnings per common share (in dollars per share) $ 0.15 $ 0.1 $ 0.2 $ 0.14
Diluted earnings per common share (in dollars per share) $ 0.15 $ 0.1 $ 0.2 $ 0.14
Basic weighted average common shares outstanding (in shares) 11,137,066 11,997,443 11,281,739 12,072,571
Diluted weighted average common shares outstanding (in shares) 11,226,341 12,013,845 11,375,701 12,103,419