Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Earnings (Unaudited)

v3.19.2
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 21,892,242 $ 21,480,590 $ 61,065,759 $ 55,178,369
Cost of sales 13,479,617 12,988,545 37,681,191 32,798,083
Gross profit 8,412,627 8,492,045 23,384,568 22,380,286
Operating expenses        
Selling, general and administrative 6,870,994 6,087,362 20,374,613 19,856,922
Income from operations 1,541,633 2,404,683 3,009,955 2,523,364
Interest income 212,894 116,549 517,474 331,650
Income before income taxes 1,754,527 2,521,232 3,527,429 2,855,014
Income tax expense 454,000 766,000 849,000 462,000
Net income $ 1,300,527 $ 1,755,232 $ 2,678,429 $ 2,393,014
Net income per share Basic (in dollars per share) $ 0.10 $ 0.13 $ 0.20 $ 0.18
Net income per share Diluted (in dollars per share) $ 0.10 $ 0.13 $ 0.20 $ 0.18
Weighted average shares outstanding:        
Basic (in shares) 13,446,289 13,430,503 13,422,885 13,441,619
Diluted (in shares) 13,451,671 13,430,503 13,434,009 13,473,123