v3.20.2
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
NET SALES $ 7,708,904 $ 5,348,812 $ 14,038,913 $ 10,323,090
Cost of goods sold 2,799,024 1,873,148 5,340,823 3,799,472
Gross Profit 4,909,880 3,475,664 8,698,090 6,523,618
OPERATING EXPENSES        
Selling, general and administrative 3,201,831 2,050,435 5,964,811 4,535,303
Litigation 2,346,914 1,124,947 2,446,072 1,617,462
Research and development 298,196 178,235 554,221 280,194
Depreciation and amortization 94,940 86,169 182,164 169,820
Total Operating Expenses 5,941,881 3,439,786 9,147,268 6,602,779
Net Operating (Loss)/Profit (1,032,001) 35,878 (449,178) (79,161)
Non-Operating (Expense)/Income        
Loss on currency exchange (2,594) (1,235) (13,091) (10,925)
(Loss)/Gain on disposal of fixed asset, net (5,522) 49,980 (5,522) 49,740
Interest, net and other income, net (5,002) 18,243 14,028 35,723
TOTAL OTHER (EXPENSE)/INCOME (13,118) 66,988 (4,585) 74,538
(LOSS)/INCOME BEFORE TAXES (1,045,119) 102,866 (453,763) (4,623)
Income Tax Expense (30,919) (24,683) (172,847) (2,584)
NET (LOSS)/INCOME $ (1,076,038) $ 78,183 $ (626,610) $ (7,207)
NET (LOSS)/INCOME PER SHARE        
Basic (in dollars per share) $ (0.03) $ 0 $ (0.02) $ 0
Diluted (in dollars per share) $ (0.03) $ 0 $ (0.02) $ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic (in shares) 40,361,924 38,353,000 40,018,559 38,279,718
Diluted (in shares) 40,524,754 39,299,800 40,201,134 39,219,752

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