Three Months Ended March 31,
1999 1998
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Net Sales $ 3.023.092 $ 3,163,975
Cost of Sales 1,931,349 2,133,438
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Gross Profit 1,091,743 1,030,537
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Operating Expenses:
Engineering, R & D 224,479 219,437
Selling 351,192 337,836
Administration 428,112 385,434
Amortization of intangibles 57,874 57,874
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Total operating expenses 1,061,657 1,000,581
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Operating Profit $ 30,086 $ 29,956
Other income (expense)
Interest expense, net 11,919 5,674
Other income, net (332) - 0
Net income 18,499 35,630
Dividend on 8% Convertible Redeemable (14,028) (14,028)
Preferred Stock
Net income applicable to common shares $ 4,471 $ 21,602
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Net income per common share basic $ 0.0006 $ 0.004
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Weighted average shares outstanding basic 6,769,523 5,314,270
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Net income per common share diluted $ 0.0006 $ 0.004
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Weighted average shares outstanding diluted 6,320,572 5,528,805
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