v3.20.2
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 25,970,045 $ 21,892,244 $ 65,756,545 $ 61,065,759
Cost of sales 15,179,875 13,479,617 39,087,407 37,681,191
Gross profit 10,790,170 8,412,627 26,669,138 23,384,568
Operating expenses        
Selling, general and administrative 7,207,157 6,870,994 21,965,038 20,374,613
Income from operations 3,583,013 1,541,633 4,704,100 3,009,955
Interest income 174,555 212,894 615,523 517,474
Income before income taxes 3,757,568 1,754,527 5,319,623 3,527,429
Income tax expense 763,000 454,000 1,076,000 849,000
Net income $ 2,994,568 $ 1,300,527 $ 4,243,623 $ 2,678,429
Net income per share Basic (in dollars per share) $ 0.22 $ 0.10 $ 0.31 $ 0.20
Net income per share Diluted (in dollars per share) $ 0.22 $ 0.10 $ 0.31 $ 0.20
Weighted average shares outstanding:        
Basic (in shares) 13,497,955 13,446,289 13,510,413 13,422,885
Diluted (in shares) 13,497,955 13,451,671 13,547,124 13,434,009

Source