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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUE $ 11,567,725 $ 11,118,452
COST OF REVENUE 5,851,066 6,066,691
GROSS PROFIT 5,716,659 5,051,761
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (4,669,097) (4,559,578)
OPERATING INCOME 1,047,562 492,183
OTHER INCOME (EXPENSE):    
OTHER INCOME 447
INTEREST INCOME 27,069 33,027
INTEREST EXPENSE (7,987) (17,121)
TOTAL OTHER INCOME 19,082 16,353
INCOME FROM OPERATIONS, before income taxes 1,066,644 508,536
INCOME TAX EXPENSE (BENEFIT)    
CURRENT 368,000 250,000
DEFERRED 31,000 (53,000)
INCOME TAX EXPENSE 399,000 197,000
NET INCOME $ 667,644 $ 311,536
Basic Net Income Per Common Share (in dollars per share) $ 0.66 $ 0.30
Diluted Net Income Per Common Share (in dollars per share) $ 0.65 $ 0.30
Weighted Average Number of Common Shares – Basic (in shares) [1] 1,008,979 1,029,001
Weighted Average Number of Common Shares – Diluted (in shares) [1] 1,021,865 1,039,599
[1] Common shares of 40,402 and 39,402 underlying outstanding stock options for the years ended December 31, 2019 and 2018, respectively, were excluded from the computation of diluted earnings per share as their inclusion would be antidilutive.