XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Sales:        
Products $ 15,855,843 $ 13,400,132 $ 45,366,872 $ 40,088,427
Consulting services 793,784 789,741 2,170,426 2,236,639
Total sales 16,649,627 14,189,873 47,537,298 42,325,066
Cost of sales:        
Products 6,640,087 5,657,331 19,451,207 17,275,469
Consulting services 447,219 473,621 1,412,616 1,356,904
Total cost of sales 7,087,306 6,130,952 20,863,823 18,632,373
Gross profit 9,562,321 8,058,921 26,673,475 23,692,693
Selling, general and administrative expenses 6,125,438 5,257,664 18,215,810 16,528,574
Research and development expenses 949,678 886,289 3,063,955 3,084,583
Operating income 2,487,205 1,914,968 5,393,710 4,079,536
Other expense, net (116,923) (95,308) (267,105) (285,990)
Income before income taxes 2,370,282 1,819,660 5,126,605 3,793,546
Income tax expense 696,456 460,999 1,557,803 766,637
Net income $ 1,673,826 $ 1,358,661 $ 3,568,802 $ 3,026,909
Net income per common share:        
Basic (in Dollars per share) $ 0.30 $ 0.24 $ 0.63 $ 0.55
Diluted (in Dollars per share) $ 0.29 $ 0.24 $ 0.62 $ 0.53
Weighted average common shares outstanding:        
Basic (in Shares) 5,667,810 5,548,201 5,654,620 5,535,687
Diluted (in Shares) 5,775,767 5,684,515 5,767,984 5,673,694
Cash dividends declared per common share (in Dollars per share) $ 0.11 $ 0.11 $ 0.33 $ 0.33