Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Earnings Unaudited

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Condensed Statements of Earnings Unaudited - USD ($)
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 20,089,150 $ 16,866,884
Cost of sales 12,142,452 9,758,477
Gross profit 7,946,698 7,108,407
Operating expenses    
Selling, general and administrative 6,775,875 6,463,971
Income from operations 1,170,823 644,436
Interest income 135,137 95,722
Income before income taxes 1,305,960 740,158
Income tax expense (benefit) 296,000 (203,000)
Net income $ 1,009,960 $ 943,158
Net income per share Basic (in dollars per share) $ 0.08 $ 0.07
Net income per share Diluted (in dollars per share) $ 0.08 $ 0.07
Weighted average shares outstanding:    
Basic (in shares) 13,400,383 13,443,945
Diluted (in shares) 13,400,383 13,476,417