Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Shareholders' Equity

v3.19.1
Consolidated Statements of Shareholders' Equity - USD ($)
Total
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Cost of Common Stock in Treasury
Balance balance at Dec. 31, 2015 $ 95,154,294 $ 10,300,000 $ 34,476,240 $ 65,029,474 $ 0 $ (14,651,420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (7,093,301)     (7,093,301)    
Dividend on stock grant forfeiture 360     360    
Issuance of shares of common stock from the treasury 325,618   (221,507)     547,125
Employee stock option and grant compensation 459,473   459,473      
Purchase of common stock (253,889)         (253,889)
Ending balance at Dec. 31, 2016 88,592,555 10,300,000 34,714,206 57,936,533 0 (14,358,184)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 1,341,362     1,341,362    
Payment of dividends (1,148,513)     (1,148,513)    
Other comprehensive loss (10,864)       (10,864)  
Issuance of shares of common stock from the treasury 287,470   (227,939)     515,409
Stock options exercised, net 0   68,469     (68,469)
Employee stock option and grant compensation 638,416   638,416      
Ending balance at Dec. 31, 2017 89,700,426 10,300,000 35,193,152 58,129,382 (10,864) (13,911,244)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 13,097,429     13,097,429    
Payment of dividends (2,250,537)     (2,250,537)    
Issuance of shares of common stock from the treasury 276,000   (316,705)     592,705
Stock options exercised, net (148,751)   246,757     (395,508)
Employee stock option and grant compensation 826,998   826,998      
Shares issued in connection with at-the-market offering 982,521   570,638     411,883
Ending balance at Dec. 31, 2018 $ 102,484,086 $ 10,300,000 $ 36,520,840 $ 68,965,410 $ 0 $ (13,302,164)