Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Earnings (Unaudited)

v3.19.1
Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 19,084,365 $ 16,830,895 $ 39,173,515 $ 33,697,779
Cost of sales 12,059,122 10,051,061 24,201,574 19,809,538
Gross profit 7,025,243 6,779,834 14,971,941 13,888,241
Operating expenses        
Selling, general and administrative 6,727,744 7,305,589 13,503,619 13,769,560
Income (loss) from operations 297,499 (525,755) 1,468,322 118,681
Interest income 169,443 119,379 304,580 215,101
Income (loss) before income taxes 466,942 (406,376) 1,772,902 333,782
Income tax expense (benefit) 99,000 (101,000) 395,000 (304,000)
Net income (loss) $ 367,942 $ (305,376) $ 1,377,902 $ 637,782
Net income (loss) per share Basic (in dollars per share) $ 0.02 $ (0.02) $ 0.10 $ 0.05
Net income (loss) per share Diluted (in dollars per share) $ 0.02 $ (0.02) $ 0.10 $ 0.05
Weighted average shares outstanding:        
Basic (in shares) 13,422,222 13,450,482 13,411,183 13,447,178
Diluted (in shares) 13,450,212 13,450,482 13,425,178 13,494,433