Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Earnings (Unaudited)

v3.3.1.900
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 15,689,715 $ 13,986,620
Cost of sales 9,012,919 8,244,106
Gross profit 6,676,796 5,742,514
Operating expenses    
Selling, general and administrative 4,697,015 4,125,997
Income from operations 1,979,781 1,616,517
Interest income 33,539 25,856
Income before income taxes 2,013,320 1,642,373
Income tax expense 630,000 573,000
Net income $ 1,383,320 $ 1,069,373
Net income per common share:    
Basic (in dollars per share) $ 0.10 $ 0.08
Diluted (in dollars per share) $ 0.10 $ 0.08
Weighted average shares outstanding:    
Weighted average common shares (in shares) 13,288,679 13,222,180
Diluted (in shares) 13,575,162 13,581,434