Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 42,203,579 $ 36,312,012
Cost of sales 34,800,000 31,593,836
Gross profit 7,403,579 4,718,176
Selling, general and administrative expense 5,888,675 5,571,902
Acquisition related costs 358,477 57
Loss on sale-leaseback 0 (21,560)
Operating income (loss) 1,156,427 (853,783)
Other expense (income)    
Interest expense (180,315) (281,296)
Change in fair value of interest rate swaps (41,430) 293,653
Other, net (34,395) 0
Income (loss) before income taxes 1,051,937 (1,428,732)
Provision for (benefit from) income taxes 316,000 (62,000)
Net income (loss) $ 735,937 $ (1,366,732)
Net income (loss) per common share from continuing operations, per basic share $ 0.08 $ (0.16)
Net income (loss) per common share from continuing operations, per diluted share $ 0.08 $ (0.16)
Weighted average shares outstanding:    
Basic (shares) 8,673,799 8,634,563
Dilutive effect from stock options and grants (shares) 34,325 0
Diluted (shares) 8,708,124 8,634,563