Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.10.0.1
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 21,480,590 $ 19,611,297 $ 55,178,369 $ 55,529,230
Cost of sales 12,988,545 11,674,047 32,798,083 32,940,446
Gross profit 8,492,045 7,937,250 22,380,286 22,588,784
Operating expenses        
Selling, general and administrative 6,087,362 6,614,693 19,856,922 18,794,395
Income from operations 2,404,683 1,322,557 2,523,364 3,794,389
Interest income 116,549 73,759 331,650 186,378
Income before income taxes 2,521,232 1,396,316 2,855,014 3,980,767
Income tax expense 766,000 593,000 462,000 1,393,000
Net income $ 1,755,232 $ 803,316 $ 2,393,014 $ 2,587,767
Net income per common share:        
Basic (in dollars per share) $ 0.13 $ 0.06 $ 0.18 $ 0.19
Diluted (in dollars per share) $ 0.13 $ 0.06 $ 0.18 $ 0.19
Weighted average shares outstanding:        
Basic (in shares) 13,430,503 13,522,755 13,441,619 13,559,704
Diluted (in shares) 13,430,503 13,598,582 13,473,123 13,730,945