Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.7.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 17,651,771 $ 16,947,187 $ 35,917,933 $ 32,636,902
Cost of sales 10,208,957 9,666,738 21,266,399 18,679,657
Gross profit 7,442,814 7,280,449 14,651,534 13,957,245
Operating expenses        
Selling, general and administrative 6,162,178 5,136,952 12,179,702 9,833,967
Income from operations 1,280,636 2,143,497 2,471,832 4,123,278
Interest income 59,885 39,169 112,619 72,708
Income before income taxes 1,340,521 2,182,666 2,584,451 4,195,986
Income tax expense 433,000 689,687 800,000 1,215,553
Net income $ 907,521 $ 1,492,979 $ 1,784,451 $ 2,980,433
Net income per common share:        
Basic (in dollars per share) $ 0.07 $ 0.11 $ 0.13 $ 0.22
Diluted (in dollars per share) $ 0.07 $ 0.11 $ 0.13 $ 0.22
Weighted average shares outstanding:        
Basic (in shares) 13,589,109 13,309,181 13,578,178 13,298,874
Diluted (in shares) 13,803,697 13,581,810 13,797,126 13,578,430