v3.22.2
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
NET SALES $ 6,546,628 $ 5,528,174 $ 12,790,958 $ 10,959,125
Cost of goods sold 3,200,455 2,317,990 5,822,480 4,517,087
Gross Profit 3,346,173 3,210,184 6,968,478 6,442,038
OPERATING EXPENSES        
Selling, general and administrative 5,530,022 4,085,945 11,021,235 9,078,774
Research and development 1,303,731 386,878 2,452,086 723,719
Depreciation and amortization 125,882 118,415 235,134 233,888
Total Operating Expenses 6,959,635 4,591,238 13,708,455 10,036,381
Net Operating Loss (3,613,462) (1,381,054) (6,739,977) (3,594,343)
Non-Operating Income/(Expense)        
(Loss)/Gain on currency exchange (21,705) 1,239 (28,840) (14,478)
Gain on disposal of fixed assets, net 736
Interest income, net 3,566 9,950 2,103 19,721
TOTAL OTHER INCOME/(EXPENSE) (18,139) 11,189 (26,737) 5,979
LOSS BEFORE INCOME TAXES (3,631,601) (1,369,865) (6,766,714) (3,588,364)
Income Tax Benefit 710,260 245,316 1,307,859 1,187,677
NET LOSS $ (2,921,341) $ (1,124,549) $ (5,458,855) $ (2,400,687)
NET LOSS PER SHARE        
Basic $ (0.07) $ (0.03) $ (0.12) $ (0.05)
Diluted $ (0.07) $ (0.03) $ (0.12) $ (0.05)
Basic 44,921,870 44,489,853 44,795,625 44,226,936
Diluted 44,921,870 44,489,853 44,795,625 44,226,936

Source