XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
STATEMENTS OF OPERATIONS (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
SALES, NET $ 4,741,711 $ 4,244,519 $ 13,564,508 $ 12,878,174
COST OF SALES 1,700,460 1,608,568 4,999,908 5,178,536
GROSS PROFIT 3,041,251 2,635,951 8,564,600 7,699,638
SELLING GENERAL & ADMINISTRATIVE EXPENSES 2,046,948 1,889,206 6,000,017 5,609,342
INCOME FROM OPERATIONS 994,303 746,745 2,564,583 2,090,296
OTHER INCOME (EXPENSE)        
Interest income 2,688 74 7,489 78
Interest expense (71,264) (76,535) (216,429) (231,544)
Other income, net 35,626 37,502 162,126 155,427
INCOME BEFORE INCOME TAXES 961,353 707,786 2,517,769 2,014,257
INCOME TAX PROVISION (361,542) (253,530) (952,896) (735,532)
NET INCOME 599,811 454,256 1,564,873 1,278,725
Accrued preferred stock dividends (131,832) 0 (325,418) 0
INCOME APPLICABLE TO COMMON SHAREHOLDERS $ 467,979 $ 454,256 $ 1,239,455 $ 1,278,725
Basic income per common share after preferred dividends $ 0.09 $ 0.09 $ 0.25 $ 0.26
Diluted income per common share after preferred dividends $ 0.09 $ 0.09 $ 0.25 $ 0.26
Weighted average number of basic common shares outstanding 4,994,061 4,956,163 4,993,571 4,916,467
Weighted average number of diluted common shares outstanding 4,998,444 5,007,883 4,997,737 4,964,520