v3.21.1
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
NET SALES $ 5,430,951 $ 6,330,009
Cost of goods sold 2,199,097 2,541,799
Gross Profit 3,231,854 3,788,210
OPERATING EXPENSES    
Selling, general and administrative 4,992,829 2,862,138
Research and development 336,841 256,025
Depreciation and amortization 115,473 87,224
Total Operating Expenses 5,445,143 3,205,387
Net Operating (Loss)/Profit (2,213,289) 582,823
Non-Operating (Expense)/Income    
Loss on currency exchange (15,717) (10,497)
Gain on disposal of fixed asset 736
Interest income, net 9,771 19,030
TOTAL OTHER (EXPENSE)/INCOME (5,210) 8,533
(LOSS)/INCOME BEFORE TAXES (2,218,499) 591,356
Income Tax Benefit/(Expense) 942,361 (141,928)
NET (LOSS)/INCOME $ (1,276,138) $ 449,428
NET (LOSS)/INCOME PER SHARE    
Basic (in dollars per share) $ (0.03) $ 0.01
Diluted (in dollars per share) $ (0.03) $ 0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Basic (in shares) 43,960,936 39,675,107
Diluted (in shares) 43,960,936 39,874,989

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