Quarterly report pursuant to Section 13 or 15(d)

Statements of Earnings (Unaudited)

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Statements of Earnings (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 19,377,991 $ 20,089,150
Cost of sales 11,650,456 12,142,452
Gross profit 7,727,535 7,946,698
Operating expenses    
Selling, general and administrative 7,326,620 6,775,875
Income from operations 400,915 1,170,823
Interest income 223,243 135,137
Income before income taxes 624,158 1,305,960
Income tax expense 123,000 296,000
Net income $ 501,158 $ 1,009,960
Net income per share Basic (in dollars per share) $ 0.04 $ 0.08
Net income per share Diluted (in dollars per share) $ 0.04 $ 0.08
Weighted average shares outstanding:    
Basic (in shares) 13,512,094 13,400,383
Diluted (in shares) 13,622,226 13,400,383