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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Beginning Balance at Dec. 31, 2017 $ 49,937,993 $ 12,094,413 $ (13,870,041) $ 8,880,543 $ (1,633,999) $ 44,467,077
Beginning Balance, shares at Dec. 31, 2017   3,374,061        
Net income 4,598,350         4,598,350
Other comprehensive income (loss) (423,986)       (423,986)  
Stock compensation expense 869,055     869,055    
Distribution to shareholders (1,515,777)         (1,515,777)
Cash settlement of stock options (768,075)     (768,075)    
Purchase of treasury stock (365,149)   (365,149)      
Purchase of treasury stock (shares)   (23,228)        
Ending Balance at Dec. 31, 2018 52,332,411 $ 12,094,413 (14,235,190) 8,981,523 (2,057,985) 47,549,650
Ending Balance, shares at Dec. 31, 2018   3,350,833        
Net income 5,513,608         5,513,608
Other comprehensive income (loss) 189,129       189,129  
Adoption of ASU 2018-02         (119,014) 119,014
Stock compensation expense 968,467     968,467    
Distribution to shareholders (1,610,852)         (1,610,852)
Cash settlement of stock options $ (1,687,782)     (1,687,782)    
Purchase of treasury stock (shares) 0          
Ending Balance at Dec. 31, 2019 $ 55,704,981 $ 12,094,413 $ (14,235,190) $ 8,262,208 $ (1,987,870) $ 51,571,420
Ending Balance, shares at Dec. 31, 2019   3,350,833