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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Common Stock
Additional Paid In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Total
Beginning balance at Dec. 31, 2018 $ 93,382 $ 10,235,827 $ (295,734) $ 17,399,776 $ 27,433,251
Beginning balance, shares at Dec. 31, 2018 9,338,191        
Net income 1,724,738 1,724,738
Dividends, common stock (468,306) (468,306)
Options exercised $ 279 13,520 13,799
Options exercised, shares 27,928        
Stock based compensation $ 40 13,220 13,260
Stock based compensation, shares 4,000        
Cumulative effect adjustment on adoption of ASU 2016-02 Leases (Topic 842) 972 972
Foreign currency translation adjustment 2,010 2,010
Ending Balance at Jun. 30, 2019 $ 93,701 10,262,567 (293,724) 18,657,180 28,719,724
Ending balance, shares at Jun. 30, 2019 9,370,119        
Beginning balance at Mar. 31, 2019 $ 93,661 10,249,347 (294,237) 17,647,612 27,696,383
Beginning balance, shares at Mar. 31, 2019 9,366,119        
Net income 1,009,568 1,009,568
Stock based compensation $ 40 13,220 13,260
Stock based compensation, shares 4,000        
Foreign currency translation adjustment 513 513
Ending Balance at Jun. 30, 2019 $ 93,701 10,262,567 (293,724) 18,657,180 28,719,724
Ending balance, shares at Jun. 30, 2019 9,370,119        
Beginning balance at Dec. 31, 2019 $ 94,428 10,503,171 (294,491) 20,431,156 30,734,264
Beginning balance, shares at Dec. 31, 2019 9,442,809        
Net income 4,079,202 4,079,202
Dividends, common stock (378,484) (378,484)
Options exercised $ 153 20,547 20,700
Options exercised, shares 15,296        
Stock based compensation $ 40 22,180 22,220
Stock based compensation, shares 4,000        
Foreign currency translation adjustment (1,382) (1,382)
Ending Balance at Jun. 30, 2020 $ 94,621 10,545,898 (295,873) 24,131,874 34,476,520
Ending balance, shares at Jun. 30, 2020 9,462,105        
Beginning balance at Mar. 31, 2020 $ 94,481 10,503,118 (296,819) 21,058,037 31,358,817
Beginning balance, shares at Mar. 31, 2020 9,448,105        
Net income 3,452,321 3,452,321
Dividends, common stock (378,484) (378,484)
Options exercised $ 100 20,600 20,700
Options exercised, shares 10,000    
Stock based compensation $ 40 22,180 22,220
Stock based compensation, shares 4,000        
Foreign currency translation adjustment 946 946
Ending Balance at Jun. 30, 2020 $ 94,621 $ 10,545,898 $ (295,873) $ 24,131,874 $ 34,476,520
Ending balance, shares at Jun. 30, 2020 9,462,105