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1993 ANNUAL REPORT |
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Consolidated Statements of Stockholders' Equity
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1993 ANNUAL REPORT |
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Consolidated Statements of Stockholders' Equity
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Common Stock (1) |
Additional Paid-in Capital |
Retained Earnings |
Total | |
| ---------------- | ------------------ | ------------------ | ------------------ | |
| Balance, December 31, 1990 | $ 48,483 | $ 10,223,133 | $ 25,396,458 | $ 35,668,074 |
| Stock issued for benefit plans (16,005 shares) | 160 | 145,845 | -- | 146,005 |
| Stock options exercised (90,814 shares) | 908 | 332,554 | -- | 333,462 |
| Net Income | -- | -- | 2,512,815 | 2,512,815 |
| --------------- | ------------------ | ------------------ | ------------------ | |
| Balance, December 31, 1991 | $ 49,551 | $ 10,701,532 | $ 27,909,273 | $ 38,660,356 |
| Stock issued for benefit plans (23,445 shares) | 235 | 138,059 | -- | 138,294 |
| Stock issued in institutional placement (990,000 shares) | 9,900 | 6,387,976 | -- | 6,397,876 |
| Net Income | -- | -- | 4,084,760 | 4,084,760 |
| --------------- | ------------------ | ------------------ | ------------------ | |
| Balance, December 31, 1992 | $ 59,686 | $ 17,227,567 | $ 31,994,033 | $ 49,281,286 |
| Stock issued for benefit plans (19,096 shares) | 191 | 170,059 | -- | 170,250 |
| Stock options exercised (13,400 shares) | 134 | 117,791 | -- | 117,925 |
| Net Income | -- | -- | 4,896,253 | 4,896,253 |
| --------------- | ------------------ | ------------------ | ------------------ | |
| Balance, December 31, 1993 | $ 60,011 | $ 17,515,417 | $ 36,890,286 | $ 54,465,714 |
| ========= | ========== | ========== | ========== |
(1) $.01 Par Value
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