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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Net income $ 2,301,504 $ 2,452,524
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 84,210 95,956
Net (gain) loss on marketable securities (344,043) 153,406
Deferred income taxes (45,072) (32,215)
Increase (decrease) in operating assets:    
Accounts receivable 139,312 (246,534)
Inventories 181,360 (159,846)
Prepaid expenses and other current assets (70,452) (24,695)
Prepaid income taxes 169,207 0
(Decrease) increase in operating liabilities:    
Accounts payable (96,345) 119,052
Accrued expenses 323,131 386,717
Income taxes payable 0 (40,849)
Net cash provided by operating activities 2,642,812 2,716,353
Cash flows from investing activities:    
Acquisition of property, plant and equipment (31,655) (40,552)
Proceeds from sale of marketable securities 9,359,971 4,097,370
Purchase of marketable securities (9,085,612) (1,350,509)
Net cash provided by investing activities 242,704 2,706,309
Cash flows from financing activities:    
Dividends paid (2,524,946) (2,291,294)
Net cash used in financing activities (2,524,946) (2,291,294)
Net increase in cash and cash equivalents 360,570 3,131,368
Cash and cash equivalents at beginning of period 550,135 724,721
Cash and cash equivalents at end of period 910,705 3,856,089
Non-cash investing activities: cost of equipment traded in (net) 39,837
Supplemental disclosure of cash flow information    
Taxes paid 475,000 725,000
Supplemental disclosure of non-cash dividends payable $ 1,930 $ 5,867