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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Total sales $ 127,754,927 $ 104,162,227
Cost of Sales 100,722,146 82,249,762
Gross Profit 27,032,781 21,912,465
Operating Expenses:    
Selling, general and administrative expenses 18,499,309 14,922,213
Operating Income 8,533,472 6,990,252
Other (Income) and Expenses:    
Interest charges 1,138,224 881,741
PPP loan forgiveness 0 (1,453,837)
Unrealized loss on investments 860,273 188,615
Realized gain on investments 0 (152,761)
Other (income) expense, net (1,197,218) 163,552
Total Other (Income) and Expenses 801,279 (372,690)
Income before Provision for Income Taxes 7,732,194 7,362,942
Provision for Income Taxes:    
Current 2,629,560 1,183,145
Deferred (1,458,769) 526,499
Total Provision for Income Taxes 1,170,791 1,709,644
Net Income $ 6,561,403 $ 5,653,298
Net Income per Common Share - Basic (in dollars per share) $ 1.89 $ 1.66
Net Income per Common Share - Diluted (in dollars per share) $ 1.89 $ 1.66
Weighted Average Shares of Common Stock Outstanding – Basic (in shares) 3,462,868 3,405,061
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 3,462,868 3,405,061