XML 12 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Condensed Consolidated Statements of Operations (Unaudited)        
Net sales $ 7,298,077 $ 8,059,477 $ 14,543,712 $ 15,912,658
Cost of goods sold 6,323,015 6,644,031 11,910,909 13,752,650
Gross Profit 975,062 1,415,446 2,632,803 2,160,008
Selling and administrative expenses 1,392,493 1,307,887 2,980,060 2,955,752
Operating (loss) income (417,431) 107,559 (347,257) (795,744)
Other income 2,383 45,955 353,590 [1] 74,424
(Loss) income before income taxes (415,048) 153,514 6,333 (721,320)
(Benefit) provision for income taxes (20,068) 11,373 291 (165,457)
Net (loss) income $ (394,980) $ 142,141 $ 6,042 $ (555,863)
Net (loss) income per common share:        
Basic $ (0.41) $ 0.15 $ 0.01 $ (0.58)
Diluted $ (0.41) $ 0.15 $ 0.01 $ (0.58)
Basic 966,132 966,132 966,132 966,132
Diluted 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.03 $ 0.1 $ 0.06 $ 0.2
[1] Includes a one-time gain of $339,520 in the Assembly Equipment segment, from the sale of the Albia manufacturing facility in February 2025.