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Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net sales $ 3,060,113 $ 3,057,518 $ 9,705,262 $ 8,278,141
Costs and expenses:        
Cost of sales 1,408,866 1,749,041 4,526,446 4,272,043
Operating expenses 591,047 488,464 1,762,689 1,580,503
Research and development 111,072 98,141 325,714 353,829
Total costs and expenses 2,110,985 2,335,646 6,614,849 6,206,375
Income from operations 949,128 721,872 3,090,413 2,071,766
Other income (expense):        
Investment income 99,934 79,682 298,014 182,264
Net gain on marketable securities 47,223 (14,357) 79,218 65,823
Total other income 147,157 65,325 377,232 248,087
Income before provision for income taxes 1,096,285 787,197 3,467,645 2,319,853
Provision for income taxes 230,801 160,441 720,494 475,922
Net income $ 865,484 $ 626,756 $ 2,747,151 $ 1,843,931
Earnings per common share        
(Basic and Diluted) (in dollars per share) $ 0.19 $ 0.14 $ 0.6 $ 0.4
Weighted average shares – basic and diluted (in shares) 4,594,319 4,594,319 4,594,319 4,594,319