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Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 13,599,084 $ 13,445,565
Costs and expenses:    
Cost of sales 5,657,353 5,343,459
Operating expenses 2,148,375 2,122,746
Research and development 397,391 399,517
Total costs and expenses 8,203,119 7,865,722
Income from operations 5,395,965 5,579,843
Other income (expense):    
Investment income 203,329 231,986
Net gain (loss) on marketable securities 431,076 (333,138)
Loss on trade-in of equipment (12,837)
Total other income (expense) 634,405 (113,989)
Income before provision for income taxes 6,030,370 5,465,854
Provision for income taxes 1,268,659 1,113,523
Net income $ 4,761,711 $ 4,352,331
Earnings per common share (basicand diluted) (in dollars per share) $ 1.04 $ 0.95
Weighted average shares (basic and diluted) (in shares) 4,594,319 4,594,319