Annual report pursuant to Section 13 and 15(d)

Quarterly Results (Unaudited)

v3.19.1
Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
The following is a summary of quarterly operations for 2018 and 2017:
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
2018
 
 
 
 
 
 
 
Net sales
$
58,480,602

 
$
71,893,763

 
$
77,792,878

 
$
72,674,176

Gross profit
11,233,418

 
15,716,322

 
14,028,366

 
10,259,233

Net income
3,835,163

 
3,677,272

 
5,035,558

 
549,436

 
 
 
 
 
 
 
 
Per common share
 

 
 

 
 

 
 

Basic
0.44

 
0.42

 
0.57

 
0.06

Diluted
0.44

 
0.41

 
0.56

 
0.06

 
 
 
 
 
 
 
 
2017
 

 
 

 
 

 
 

Net sales
$
42,203,579

 
$
51,511,045

 
$
54,595,924

 
$
52,837,134

Gross profit
7,403,579

 
8,177,927

 
4,836,620

 
7,662,824

Net income (loss)
701,542

 
829,879

 
(1,206,752
)
 
1,016,693

Other comprehensive income (loss)
—

 
366,346

 
(366,346
)
 
(10,864
)
Comprehensive income (loss)
—

 
1,196,225

 
(1,573,098
)
 
1,005,829

 
 
 
 
 
 
 
 
Per common share
 

 
 

 
 

 
 

Basic
0.08

 
0.10

 
(0.14
)
 
0.11

Diluted
0.08

 
0.10

 
(0.14
)
 
0.11