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 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 19,611,297 $ 21,598,720 $ 55,529,230 $ 54,235,622
Cost of sales 11,674,047 12,258,523 32,940,446 30,938,180
Gross profit 7,937,250 9,340,197 22,588,784 23,297,442
Operating expenses        
Selling, general and administrative 6,614,693 5,878,352 18,794,395 15,712,319
Income from operations 1,322,557 3,461,845 3,794,389 7,585,123
Interest income 73,759 41,608 186,378 114,316
Income before income taxes 1,396,316 3,503,453 3,980,767 7,699,439
Income tax expense 593,000 1,141,392 1,393,000 2,356,945
Net income $ 803,316 $ 2,362,061 $ 2,587,767 $ 5,342,494
Net income per common share:        
Basic (in dollars per share) $ 0.06 $ 0.18 $ 0.19 $ 0.40
Diluted (in dollars per share) $ 0.06 $ 0.17 $ 0.19 $ 0.39
Weighted average shares outstanding:        
Basic (in shares) 13,522,755 13,397,509 13,559,704 13,331,632
Diluted (in shares) 13,598,582 13,806,928 13,730,945 13,654,476