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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Sales $ 45,197,686 $ 37,680,769 $ 135,252,502 $ 96,895,216
Cost of goods sold 33,342,029 29,570,653 102,207,811 75,352,946
Gross margin 11,855,657 8,110,116 33,044,691 21,542,270
Expenses:        
Selling, general & administrative expenses 7,753,702 5,230,473 21,397,360 14,214,927
Depreciation and amortization 534,964 216,176 1,106,427 637,307
Total operating expenses 8,288,666 5,446,649 22,503,787 14,852,234
Operating income 3,566,991 2,663,467 10,540,904 6,690,036
Interest expense 119,957 188,853 364,238 545,579
Other income (expense):        
Gain on forgiveness of Federal Loan 0 1,668,200 0 1,668,200
Write-off of notes receivable and accrued interest receivable 0 (949,174) 0 (949,174)
Other income (expense), net (65,264) (60,784) (219,269) 494,212
Income before income taxes 3,381,770 3,132,856 9,957,397 7,357,695
Income tax expense 64,061 26,455 144,605 89,910
Net income $ 3,317,709 $ 3,106,401 $ 9,812,792 $ 7,267,785
Basic earnings per share:        
Net income $ 0.12 $ 0.12 $ 0.36 $ 0.27
Diluted earnings per share:        
Net income $ 0.12 $ 0.12 $ 0.36 $ 0.27
Weighted average shares outstanding:        
Basic 26,924,631 26,924,631 26,924,631 26,924,631
Diluted 26,939,631 26,939,631 26,939,631 26,939,631