v3.20.1
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
NET SALES $ 6,330,009 $ 4,974,278
Cost of goods sold 2,541,799 1,926,324
Gross Profit 3,788,210 3,047,954
OPERATING EXPENSES    
Selling, general and administrative 2,762,980 2,484,868
Litigation 99,158 492,515
Research and development 256,025 101,959
Depreciation and amortization 87,224 83,651
Total Operating Expenses 3,205,387 3,162,993
Net Operating Profit/(Loss) 582,823 (115,039)
Non-Operating Income    
Loss on currency exchange (10,497) (9,690)
Loss on sale of fixed asset (240)
Interest income, net 19,030 17,480
TOTAL OTHER INCOME 8,533 7,550
INCOME/(LOSS) BEFORE TAXES 591,356 (107,489)
Income Tax (Expense)/Benefit (141,928) 22,099
NET INCOME/(LOSS) $ 449,428 $ (85,390)
NET INCOME/(LOSS) PER SHARE    
Basic (in dollars per share) $ 0.01 $ 0.00
Diluted (in dollars per share) $ 0.01 $ 0.00
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Basic (in shares) 39,675,107 38,203,606
Diluted (in shares) 39,874,989 39,033,623

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