XML 36 R22.htm IDEA: XBRL DOCUMENT v3.20.4
Quarterly Financial Data (unaudited)
 12 Months Ended
Sep. 30, 2020
Quarterly Financial Data (unaudited)  
Quarterly Financial Data (unaudited)

16.  Quarterly Financial Data (unaudited)

 

Summarized quarterly results of operations of the Company for the years ended September 30, 2020 and September 30, 2019 are presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended September 30, 2020

 

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

Net sales

 

$

4,511,428

 

$

4,835,065

 

$

5,953,689

 

$

6,295,017

Cost of sales

 

 

1,909,781

 

 

2,539,894

 

 

2,559,016

 

 

2,784,533

Gross profit

 

 

2,601,647

 

 

2,295,171

 

 

3,394,673

 

 

3,510,484

Operating income

 

 

231,758

 

 

51,763

 

 

1,244,446

 

 

1,217,487

Net income

 

 

327,908

 

 

438,105

 

 

1,259,858

 

 

1,243,912

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.02

 

$

0.03

 

$

0.07

 

$

0.07

Diluted

 

$

0.02

 

$

0.03

 

$

0.07

 

$

0.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended September 30, 2019

 

 

    

First Quarter

    

Second Quarter

    

Third Quarter

    

Fourth Quarter

 

Net sales

 

$

3,977,650

 

$

4,203,127

 

$

4,589,824

 

$

4,801,988

 

Cost of sales

 

 

1,811,847

 

 

1,856,921

 

 

2,064,617

 

 

1,942,734

 

Gross profit

 

 

2,165,803

 

 

2,346,206

 

 

2,525,207

 

 

2,859,254

 

Operating (loss) income

 

 

96,015

 

 

173,067

 

 

386,629

 

 

873,033

 

Net income

 

 

139,421

 

 

202,499

 

 

511,259

 

 

997,117

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.01

 

$

0.01

 

$

0.03

 

$

0.06

 

Diluted

 

$

0.01

 

$

0.01

 

$

0.03

 

$

0.06

 

 

Quarterly and full fiscal year EPS are calculated independently based on the weighted average number of shares outstanding during each period.  As a result, the sum of each quarter’s per share amount may not equal the total per share amount for the respective year.