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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2019
QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]  
Quarterly Financial Information
The Company is providing restated quarterly and year-to-date unaudited consolidated financial information for interim periods occurring within the years ended December 31, 2019 and 2018 in order to comply with SEC requirements.  See the Restatement Footnote for further background concerning the events preceding the restatement of financial information in this Comprehensive Form 10-K.

  
2019
   
First
Quarter
Restated
      
Second
Quarter
 		      
Third
Quarter
 		      
Fourth
Quarter
 		   
Net sales
 
$
20,941,322
  
$
17,196,815
  
$
16,310,887
  
$
20,469,136
 
Gross profit
  
12,244,670
   
9,370,446
   
8,848,648
   
11,495,688
 
Net income (loss)
  
1,519,811
   
(875,667
)
  
(1,718,452
)
  
(829,473
)
Net income (loss) per common share:
                
Basic
 
$
0.17
  
$
(0.10
)
 
$
(0.19
)
 
$
(0.09
)
Diluted (1)
 
$
0.17
  
$
(0.10
)
 
$
(0.19
)
 
$
(0.09
)
Weighted average number of common shares outstanding:
                
Basic
  
9,009,752
   
8,933,648
   
8,932,246
   
9,020,187
 
Diluted
  
9,011,107
   
8,933,648
   
8,932,246
   
9,020,187
 

(1)  For the three months ended June 30, 2019, September 31, 2019 and December 31, 2019, there were 2,290, 2,704 and 8,387 shares, respectively, excluded from the diluted EPS calculation because the impact of their assumed exercise would be anti-dilutive due to a net loss in those periods.

  
2018
   
First
Quarter
Restated
      
Second
Quarter
Restated
      
Third
Quarter
Restated
      
Fourth
Quarter
Restated
   
Net sales
 
$
20,500,578
  
$
19,187,222
  
$
18,878,263
  
$
24,637,506
 
Gross profit
  
12,689,060
   
12,233,492
   
11,895,883
   
14,122,510
 
Net income
  
1,516,656
   
1,157,743
   
608,701
   
1,115,265
 
Net income per common share:
                
Basic
 
$
0.16
  
$
0.13
  
$
0.07
  
$
0.12
 
Diluted
 
$
0.16
  
$
0.13
  
$
0.07
  
$
0.12
 
Weighted average number of common shares outstanding:
                
Basic
  
9,264,446
   
9,180,076
   
9,154,215
   
9,143,746
 
Diluted
  
9,264,604
   
9,182,527
   
9,160,022
   
9,144,020