XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
STATEMENTS OF OPERATIONS (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
SALES, NET $ 4,183,769 $ 3,912,501
COST OF SALES 1,584,721 1,608,467
GROSS PROFIT 2,599,048 2,304,034
SELLING GENERAL & ADMINISTRATIVE EXPENSES 1,856,972 1,805,367
INCOME FROM OPERATIONS 742,076 498,667
OTHER INCOME (EXPENSE)    
Interest income 2,040 0
Interest expense (73,011) (77,034)
Other income, net 90,742 82,210
INCOME BEFORE INCOME TAXES 761,847 503,843
INCOME TAX PROVISION (273,957) (189,605)
NET INCOME 487,890 314,238
Accrued preferred stock dividends (78,895) 0
INCOME APPLICABLE TO COMMON SHAREHOLDERS $ 408,995 $ 314,238
Basic income per common share after preferred dividends $ .08 $ .06
Diluted income per common share after preferred dividends $ 0.08 $ 0.06
Weighted average number of basic common shares outstanding 4,987,133 4,884,503
Weighted average number of diluted common shares outstanding 5,003,741 4,957,041