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Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 3,279,399 $ 3,885,887 $ 6,459,716 $ 7,322,151
Costs and expenses:        
Cost of sales 1,467,323 1,536,842 2,755,668 2,904,525
Operating expenses 502,094 534,420 1,049,056 1,058,534
Research and development expense 93,846 91,285 192,504 192,949
Total costs and expenses 2,063,263 2,162,547 3,997,228 4,156,008
Income from operations 1,216,136 1,723,340 2,462,488 3,166,143
Other income (expense):        
Investment income 49,941 57,777 94,108 104,559
Net gain (loss) on marketable securities 86,849 (18,256) 344,043 (153,406)
Loss on trade-in of equipment (12,837)
Total other income (expense) 136,790 39,521 438,151 (61,684)
Income before provision for income taxes 1,352,926 1,762,861 2,900,639 3,104,459
Provision for income taxes 274,116 370,199 599,135 651,935
NET INCOME $ 1,078,810 $ 1,392,662 $ 2,301,504 $ 2,452,524
Earnings per common share        
(Basic and Diluted) (in dollars per share) $ 0.23 $ 0.30 $ 0.50 $ 0.53
Weighted average shares        
(Basic and Diluted) (in shares) 4,594,319 4,594,319 4,594,319 4,594,319