XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 4,103,520 $ 8,875,451 $ 11,679,975 $ 17,497,129
Cost of goods sold 4,033,370 7,327,481 10,299,398 14,287,396
Gross profit 70,150 1,547,970 1,380,577 3,209,733
Selling and administrative expenses 1,214,423 1,306,665 2,499,757 2,649,361
Operating profit (loss) (1,144,273) 241,305 (1,119,180) 560,372
Other income 43,757 49,254 90,232 98,029
Income (loss) before income taxes (1,100,516) 290,559 (1,028,948) 658,401
Provision (benefit) for income taxes (321,000) 61,000 (306,000) 142,000
Net income (loss) $ (779,516) $ 229,559 $ (722,948) $ 516,401
Per share data, basic and diluted:        
Net income (loss) per share $ (0.81) $ 0.24 $ (0.75) $ 0.54
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.10 $ 0.22 $ 0.32 $ 0.74