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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue $ 9,153,833 $ 9,650,617
Cost of revenue 5,392,919 5,479,482
Gross profit 3,760,914 4,171,135
Operating expenses    
Research and development 96,806 70,335
Selling and shipping 513,475 285,416
General and administrative 2,240,065 2,098,156
Total operating expenses 2,850,346 2,453,907
Operating income 910,568 1,717,228
Other income (expense)    
Interest income 16,960 8,575
Interest expense (121,354) (17,637)
Total other (expense) (104,394) (9,062)
Income before income tax (expense)/benefit 806,174 1,708,166
Income tax expense 247,770 684,132
Net income $ 558,404 $ 1,024,034
Basic income per common share (in dollars per share) $ 0.09 $ 0.16
Diluted income per common share (in dollars per share) $ 0.09 $ 0.16
Weighted average common shares outstanding- basic (in shares) 6,467,252 6,353,269
Net effect of potential common share issuance (in shares) 10,447 32,286
Weighted average common shares outstanding- diluted (in shares) 6,477,699 6,385,555