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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Condensed Consolidated Statements of Income (Unaudited)        
Net sales $ 8,364,390 $ 4,103,520 $ 17,669,339 $ 11,679,975
Cost of goods sold 6,687,313 4,033,370 13,957,825 10,299,398
Gross profit 1,677,077 70,150 3,711,514 1,380,577
Selling and administrative expenses 1,284,748 1,214,423 2,646,949 2,499,757
Operating profit (loss) 392,329 (1,144,273) 1,064,565 (1,119,180)
Other income 14,178 43,757 32,070 90,232
Income (loss) before income taxes 406,507 (1,100,516) 1,096,635 (1,028,948)
Provision (benefit) for income taxes 87,000 (321,000) 237,000 (306,000)
Net income (loss) $ 319,507 $ (779,516) $ 859,635 $ (722,948)
Per share data, basic and diluted:        
Net income (loss) per share $ 0.33 $ (0.81) $ 0.89 $ (0.75)
Average common shares outstanding 966,132 966,132 966,132 966,132
Cash dividends declared per share $ 0.22 $ 0.10 $ 0.44 $ 0.32