XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 9,792,784 $ 9,435,508 $ 19,804,425 $ 18,918,835
Cost of goods sold 7,504,350 7,366,100 15,172,986 14,592,916
Gross profit 2,288,434 2,069,408 4,631,439 4,325,919
Selling and administrative expenses 1,411,969 1,420,575 2,876,687 2,926,847
Operating profit 876,465 648,833 1,754,752 1,399,072
Other income 37,627 22,522 71,128 43,205
Income before income taxes 914,092 671,355 1,825,880 1,442,277
Provision for income taxes 211,000 209,000 415,000 469,000
Net income $ 703,092 $ 462,355 $ 1,410,880 $ 973,277
Per share data, basic and diluted:        
Net income per share $ 0.73 $ 0.48 $ 1.46 $ 1.01
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.21 $ 0.20 $ 0.72 $ 0.75