v3.21.2
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 38,735,356 $ 25,970,045 $ 95,519,437 $ 65,756,545
Cost of sales 21,597,574 15,179,875 54,070,830 39,087,407
Gross profit 17,137,782 10,790,170 41,448,607 26,669,138
Operating expenses        
Selling, general and administrative 9,435,877 7,207,157 25,581,534 21,965,038
Income from operations 7,701,905 3,583,013 15,867,073 4,704,100
Interest income 121,208 174,555 378,263 615,523
Income before income taxes 7,823,113 3,757,568 16,245,336 5,319,623
Income tax expense 1,725,000 763,000 3,344,000 1,076,000
Net income $ 6,098,113 $ 2,994,568 $ 12,901,336 $ 4,243,623
Net income per share Basic (in dollars per share) $ 0.44 $ 0.22 $ 0.94 $ 0.31
Net income per share Diluted (in dollars per share) $ 0.44 $ 0.22 $ 0.94 $ 0.31
Weighted average shares outstanding:        
Basic (in shares) 13,732,913 13,497,955 13,718,394 13,510,413
Diluted (in shares) 13,812,510 13,497,955 13,762,897 13,547,124

Source