XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
STATEMENTS OF OPERATIONS (unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
SALES, NET $ 4,639,028 $ 4,721,154 $ 8,822,797 $ 8,633,655
COST OF SALES 1,714,727 1,961,501 3,299,448 3,569,968
GROSS PROFIT 2,924,301 2,759,653 5,523,349 5,063,687
SELLING, GENERAL & ADMINISTRATIVE EXPENSES 2,096,097 1,914,769 3,953,069 3,720,136
INCOME FROM OPERATIONS 828,204 844,884 1,570,280 1,343,551
OTHER INCOME (EXPENSE)        
Interest income 2,761 4 4,801 4
Interest expense (72,154) (77,975) (145,165) (155,009)
Other income, net 35,758 35,715 126,500 117,925
INCOME BEFORE INCOME TAXES 794,569 802,628 1,556,416 1,306,471
INCOME TAX PROVISION (317,397) (292,397) (591,354) (482,002)
NET INCOME 477,172 510,231 965,062 824,469
Accrued preferred stock dividends (114,691) 0 (193,586) 0
INCOME APPLICABLE TO COMMON SHAREHOLDERS $ 362,481 $ 510,231 $ 771,476 $ 824,469
Basic income per common share after preferred dividends $ 0.07 $ 0.10 $ 0.15 $ 0.17
Diluted income per common share after preferred dividends $ 0.07 $ 0.10 $ 0.15 $ 0.17
Weighted average number of basic common shares outstanding 4,999,514 4,908,605 4,993,324 4,896,289
Weighted average number of diluted common shares outstanding 5,003,583 4,983,207 4,997,304 4,965,954