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Consolidated Statements of Shareholders' Equity - USD ($)
Common Stock
Additional Paid In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Total
Beginning balance at Dec. 31, 2017 $ 92,546 $ 9,931,634 $ (288,051) $ 15,159,802 $ 24,895,931
Beginning balance, shares at Dec. 31, 2017 9,254,580        
Net income 2,795,249 2,795,249
Dividends, common stock (555,275) (555,275)
Options exercised $ 85 (85)
Options exercised, shares 8,510        
Stock based compensation $ 814 330,009 330,823
Stock based compensation, shares 81,400        
Shares withheld in consideration of employee tax obligations related to stock based compensation $ (63) (25,731) $ (25,794)
Shares withheld in consideration of employee tax obligations related to stock based compensation, shares (6,299)       6,299
Foreign currency translation adjustment (7,683) $ (7,683)
Ending Balance at Dec. 31, 2018 $ 93,382 10,235,827 (295,734) 17,399,776 27,433,251
Ending balance, shares at Dec. 31, 2018 9,338,191        
Net income 3,498,714 3,498,714
Dividends, common stock (468,306) (468,306)
Options exercised $ 279 13,520 13,799
Options exercised, shares 27,928        
Stock based compensation $ 830 274,710 275,540
Stock based compensation, shares 83,000        
Shares withheld in consideration of employee tax obligations related to stock based compensation $ (63) (20,886) $ (20,949)
Shares withheld in consideration of employee tax obligations related to stock based compensation, shares (6,310)       6,310
Cumulative effect adjustment on adoption of ASU 2016-02 Leases (Topic 842) 972 $ 972
Foreign currency translation adjustment 1,243 1,243
Ending Balance at Dec. 31, 2019 $ 94,428 $ 10,503,171 $ (294,491) $ 20,431,156 $ 30,734,264
Ending balance, shares at Dec. 31, 2019 9,442,809