v3.20.2
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
NET SALES $ 6,080,315 $ 6,617,397 $ 20,119,228 $ 16,940,487
Cost of goods sold 2,139,592 2,234,489 7,480,415 6,033,961
Gross Profit 3,940,723 4,382,908 12,638,813 10,906,526
OPERATING EXPENSES        
Selling, general and administrative 3,075,169 2,441,381 9,039,980 6,976,684
Litigation 675 864,009 2,446,747 2,481,471
Research and development 390,416 170,260 944,637 450,454
Depreciation and amortization 115,637 82,774 297,801 252,594
Total Operating Expenses 3,581,897 3,558,424 12,729,165 10,161,203
Net Operating Profit/(Loss) 358,826 824,484 (90,352) 745,323
Non-Operating Income/(Expense)        
Gain/(Loss) on currency exchange 1,927 (9,358) (11,164) (20,283)
Gain on disposal of fixed assets, net 22,113 16,591 49,740
Interest income, net 9,662 23,368 23,690 59,091
TOTAL OTHER INCOME/(EXPENSE) 33,702 14,010 29,117 88,548
INCOME/(LOSS) BEFORE INCOME TAXES 392,528 838,494 (61,235) 833,871
Income Tax Expense (143,353) (186,681) (316,200) (189,265)
NET INCOME/(LOSS) $ 249,175 $ 651,813 $ (377,435) $ 644,606
NET INCOME/(LOSS) PER SHARE        
Basic (in dollars per share) $ 0.01 $ 0.02 $ (0.01) $ 0.02
Diluted (in dollars per share) $ 0.01 $ 0.02 $ (0.01) $ 0.02
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic (in shares) 43,914,542 39,022,298 41,326,815 38,534,021
Diluted (in shares) 44,119,511 39,298,408 41,326,815 38,734,083

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