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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 3,371,375 $ 3,769,048
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 129,625 143,896
Net (gain) loss on marketable securities (369,542) 54,261
Loss from trade-in of equipment 12,837
Deferred income taxes (18,847) (11,825)
Increase (decrease) in operating assets:    
Accounts receivable 53,659 217,242
Inventories 208,159 (125,195)
Prepaid expenses and other current assets (11,204) 16,248
Prepaid income taxes 102,376 (5,427)
Other assets 15,000
Increase (decrease) in operating liabilities:    
Accounts payable 121,048 (231,311)
Accrued expenses 40,364 109,544
Income taxes payable 0 (55,848)
Net cash provided by operating activities 3,627,013 3,908,470
Cash flows from investing activities:    
Acquisition of property, plant and equipment (104,662) (66,500)
Proceeds from sale of marketable securities 11,359,973 4,947,370
Purchases of marketable securities (11,112,930) (6,497,347)
Net cash provided by (used in) investing activities 142,381 (1,616,477)
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 1,244,448 699
Cash and cash equivalents at beginning of period 550,135 724,721
Cash and cash equivalents at end of period 1,794,583 725,420
Non-cash investing activities:    
Cost of equipment traded in (net) 39,837
Supplemental disclosure of cash flow information:    
Taxes paid 800,000 1,075,000
Supplemental disclosure of non-cash dividends payable $ 1,930 $ 5,866