v3.22.2.2
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
NET SALES $ 7,760,398 $ 6,040,544 $ 20,551,356 $ 16,999,669
Cost of goods sold 3,438,036 2,544,794 9,260,516 7,061,881
Gross Profit 4,322,362 3,495,750 11,290,840 9,937,788
OPERATING EXPENSES        
Selling, general and administrative 4,825,349 3,901,830 15,846,584 12,980,604
Research and development 862,148 800,020 3,314,233 1,523,739
Depreciation and amortization 164,344 115,934 399,479 349,822
Total Operating Expenses 5,851,841 4,817,784 19,560,296 14,854,165
Net Operating Loss (1,529,479) (1,322,034) (8,269,456) (4,916,377)
Non-Operating Income/(Expense)        
Loss on currency exchange (10,057) (7,283) (38,897) (21,761)
Gain on disposal of fixed assets, net 273 1,009
Interest income (expense), net 42,476 (2,838) 44,579 16,883
TOTAL OTHER INCOME/(EXPENSE) 32,419 (9,848) 5,682 (3,869)
LOSS BEFORE INCOME TAXES (1,497,060) (1,331,882) (8,263,774) (4,920,246)
Income Tax Benefit 271,500 238,104 1,579,359 1,425,781
NET LOSS $ (1,225,560) $ (1,093,778) $ (6,684,415) $ (3,494,465)
NET LOSS PER SHARE        
Basic $ (0.03) $ (0.02) $ (0.15) $ (0.08)
Diluted $ (0.03) $ (0.02) $ (0.15) $ (0.08)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic 45,038,181 44,322,335 44,877,366 44,510,021
Diluted 45,038,181 44,322,335 44,877,366 44,510,021

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