v3.19.3
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
NET SALES $ 6,617,397 $ 4,547,187 $ 16,940,487 $ 13,082,737
Cost of goods sold 2,234,489 1,655,619 6,033,961 4,985,761
Gross Profit 4,382,908 2,891,568 10,906,526 8,096,976
OPERATING EXPENSES        
Selling, general and administrative 2,441,381 1,917,127 6,976,684 5,513,727
Litigation 864,009 286,487 2,481,471 592,787
Research and development 170,260 126,923 450,454 160,735
Depreciation and amortization 82,774 78,345 252,594 228,900
Total Operating Expenses 3,558,424 2,408,882 10,161,203 6,496,149
Net Operating Profit 824,484 482,686 745,323 1,600,827
Non-Operating Income/(Expense)        
Loss on currency exchange (9,358) (5,842) (20,283) (16,256)
Gain on disposal of fixed asset, net 6,000 49,740 6,000
Interest, net and other income, net 23,368 6,972 59,091 13,088
TOTAL OTHER INCOME 14,010 7,130 88,548 2,832
INCOME BEFORE TAXES 838,494 489,816 833,871 1,603,659
Income Tax Expense (186,681) (103,263) (189,265) (337,956)
NET INCOME $ 651,813 $ 386,553 $ 644,606 $ 1,265,703
NET INCOME PER SHARE        
Basic (in dollars per share) $ 0.02 $ 0.01 $ 0.02 $ 0.03
Diluted (in dollars per share) $ 0.02 $ 0.01 $ 0.02 $ 0.03
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic (in shares) 39,022,298 38,194,682 38,534,021 38,104,393
Diluted (in shares) 39,298,408 38,985,684 38,734,083 38,875,737

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