v3.21.1
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 29,691,934 $ 20,408,509 $ 56,784,081 $ 39,786,500
Cost of sales 16,750,354 12,257,076 32,473,256 23,907,532
Gross profit 12,941,580 8,151,433 24,310,825 15,878,968
Operating expenses        
Selling, general and administrative 8,490,120 7,431,261 16,145,657 14,757,881
Income from operations 4,451,460 720,172 8,165,168 1,121,087
Interest income 123,324 217,725 257,055 440,968
Income before income taxes 4,574,784 937,897 8,422,223 1,562,055
Income tax expense 935,000 190,000 1,619,000 313,000
Net income $ 3,639,784 $ 747,897 $ 6,803,223 $ 1,249,055
Net income per share Basic (in dollars per share) $ 0.27 $ 0.05 $ 0.50 $ 0.09
Net income per share Diluted (in dollars per share) $ 0.27 $ 0.05 $ 0.50 $ 0.09
Weighted average shares outstanding:        
Basic (in shares) 13,730,150 13,521,172 13,711,135 13,516,608
Diluted (in shares) 13,779,779 13,521,172 13,738,090 13,571,674

Source