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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 8,555,731 $ 7,645,259 $ 26,225,070 $ 19,325,234
Cost of goods sold 7,069,700 6,004,766 21,027,525 16,304,164
Gross profit 1,486,031 1,640,493 5,197,545 3,021,070
Selling and administrative expenses 1,290,046 1,258,995 3,936,995 3,758,752
Operating profit (loss) 195,985 381,498 1,260,550 (737,682)
Other income 11,674 32,637 43,744 122,869
Income (loss) before income taxes 207,659 414,135 1,304,294 (614,813)
Provision (benefit) for income taxes 35,000 105,000 272,000 (201,000)
Net income (loss) $ 172,659 $ 309,135 $ 1,032,294 $ (413,813)
Per share data, basic and diluted:        
Net income (loss) per share $ 0.18 $ 0.32 $ 1.07 $ (0.43)
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.22 $ 0.10 $ 0.66 $ 0.42