Quarterly report pursuant to Section 13 or 15(d)

Statements of Earnings (Loss) and Retained Earnings (Unaudited)

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Statements of Earnings (Loss) and Retained Earnings (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
SALES $ 10,947,724 $ 8,363,825 $ 27,075,116 $ 28,462,481
COST OF SALES:        
Purchases 6,362,217 5,813,427 16,435,550 18,460,993
Freight 860,813 385,262 2,478,457 1,284,732
Total Cost of Sales 7,223,030 6,198,689 18,914,007 19,745,725
GROSS PROFIT 3,724,694 2,165,136 8,161,109 8,716,756
OPERATING EXPENSES:        
Bad Debt Expense 11,926 32,000 93,971 47,899
General and Administrative Expenses 2,677,175 2,047,478 8,239,161 6,667,643
Total Operating Expenses 2,689,101 2,079,478 8,333,132 6,715,542
EARNINGS (LOSS) FROM OPERATIONS 1,035,593 85,658 (172,023) 2,001,214
OTHER INCOME AND (EXPENSE):        
Other Income 6,378 776,440 10,000
Interest Expense (26,260) (66,066) (41,619)
Total Other Income and Expenses (19,882) 710,374 (31,619)
EARNINGS (LOSS) BEFORE INCOME TAXES 1,015,711 85,658 538,351 1,969,595
Current:        
State 88,725 76,338 118,300
Federal 3,730 227,952 37,281 303,936
Total Current 3,730 316,677 113,619 422,236
Deferred:        
State 78,800 44,800  
Federal 209,313 115,038  
Total Deferred 288,113 159,838  
Total Income Taxes 291,843 316,677 273,457 422,236
NET EARNINGS (LOSS) 723,868 (231,019) 264,894 1,547,359
RETAINED EARNINGS, BEGINNING 1,168,681 2,376,911 1,627,655 598,533
RETAINED EARNINGS, ENDING $ 1,892,549 $ 2,145,892 $ 1,892,549 $ 2,145,892