Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.1
Statements of Earnings (Loss) and Retained Earnings (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
SALES $ 15,776,247 $ 12,259,583
COST OF SALES:    
Purchases 10,023,546 7,956,616
Freight 1,058,748 1,084,802
Total Cost of Sales 11,082,294 9,041,418
GROSS PROFIT 4,693,953 3,218,165
OPERATING EXPENSES:    
General and Administrative Expenses 6,079,095 4,024,218
Total Operating Expenses 6,079,095 4,024,218
EARNINGS (LOSS) FROM OPERATIONS (1,385,142) (806,053)
OTHER INCOME AND (EXPENSE):    
Other Income (Expense) 56,637 (3,680)
Interest Income (Expense) 138,082 90,595
Unrealized Gain (Loss) on Investments 131,885 (3,731)
Total Other Income And (Expense) 326,604 83,184
EARNINGS (LOSS) BEFORE INCOME TAXES (1,058,538) (722,869)
PROVISION FOR INCOME TAXES (364,000) (177,055)
NET EARNINGS (LOSS) $ (694,538) $ (545,814)
NET EARNINGS (LOSS) PER COMMON SHARE    
Basic (in Dollars per share) $ (0.04) $ (0.03)
Diluted (in Dollars per share) $ (0.04) $ (0.03)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING    
Basic (in Shares) 18,477,604 20,061,143
Diluted (in Shares) 18,477,604 20,061,143