Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.4.0.3
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 16,947,187 $ 12,370,784 $ 32,636,902 $ 26,357,404
Cost of sales 9,666,738 7,617,347 18,679,657 15,861,453
Gross profit 7,280,449 4,753,437 13,957,245 10,495,951
Operating expenses        
Selling, general and administrative 5,136,952 4,289,304 9,833,967 8,415,301
Income from operations 2,143,497 464,133 4,123,278 2,080,650
Interest income 39,169 24,528 72,708 50,384
Income before income taxes 2,182,666 488,661 4,195,986 2,131,034
Income tax expense 744,000 200,000 1,374,000 773,000
Net income $ 1,438,666 $ 288,661 $ 2,821,986 $ 1,358,034
Net income per common share:        
Basic (in dollars per share) $ 0.11 $ 0.02 $ 0.21 $ 0.10
Diluted (in dollars per share) $ 0.11 $ 0.02 $ 0.21 $ 0.10
Weighted average shares outstanding:        
Weighted average common shares (in shares) 13,309,181 13,191,234 13,298,874 13,206,877
Diluted (in shares) 13,581,810 13,546,572 13,578,430 13,564,173