XML 53 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Net Income and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 10,282,665 $ 9,489,504
Costs and expenses:    
Cost of goods sold 2,654,843 2,433,732
Distributor royalties and commissions 3,328,455 3,117,572
Selling, general and administrative 3,777,682 3,739,527
Total costs and expenses 9,760,980 9,290,831
Income from operations 521,685 198,673
Other income (expense):    
Interest income 39,662 49,262
Interest expense (6,105) (5,412)
Other income (expense) (70,906) (5,428)
Gain on sale of fixed assets 434,549
Income before income taxes 484,336 671,644
Provision (benefit) for income taxes (178,000) 48,000
Net income 662,336 623,644
Other comprehensive income (loss):    
Foreign currency translation adjustment (39,611) 22,211
Comprehensive income $ 622,725 $ 645,855
Earnings per common share - Basic & Diluted (in dollars per share) $ 0.38 $ 0.36
Weighted average shares (in shares) 1,746,000 1,746,000
Product [Member]    
Net sales $ 9,548,817 $ 8,810,997
Freight Income [Member]    
Net sales 558,095 519,941
Product and Service, Other [Member]    
Net sales $ 175,753 $ 158,566