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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net sales $ 14,251,000 $ 16,053,000 $ 44,023,000 $ 45,967,000
Cost of goods sold, excluding depreciation and amortization 8,767,000 10,018,000 26,280,000 28,844,000
Gross profit 5,484,000 6,035,000 17,743,000 17,123,000
Operating expenses:        
Selling, general and administrative 4,502,000 4,387,000 14,234,000 13,275,000
Depreciation and amortization 245,000 225,000 734,000 687,000
Total operating expenses 4,747,000 4,612,000 14,968,000 13,962,000
Income from operations 737,000 1,423,000 2,775,000 3,161,000
Other income:        
Equity in income of unconsolidated affiliate 97,000 180,000 435,000 392,000
Gain on sale of asset 30,000 0 30,000 0
Interest income, net 235,000 222,000 700,000 549,000
Total other income 362,000 402,000 1,165,000 941,000
Income before provision for income taxes 1,099,000 1,825,000 3,940,000 4,102,000
Provision for income taxes 237,000 395,000 858,000 974,000
Net income $ 862,000 $ 1,430,000 $ 3,082,000 $ 3,128,000
Basic earnings per common share (in dollars per share) $ 0.08 $ 0.12 $ 0.28 $ 0.26
Diluted earnings per common share (in dollars per share) $ 0.08 $ 0.12 $ 0.28 $ 0.26
Basic weighted average common shares outstanding (in shares) 11,075,527 11,781,071 11,103,467 11,974,336
Diluted weighted average common shares outstanding (in shares) 11,173,739 11,781,071 11,194,178 11,974,336