Quarterly report pursuant to Section 13 or 15(d)

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of net income per common share

Diluted earnings per share include only an increase in the weighted average shares by the common shares issuable upon exercise of employee and consultant stock options.  See “NOTE 4 — STOCK-BASED COMPENSATION” for further detail.

 

    Three Months Ended  
    March 31, 2021     March 31, 2020  
             
Net (loss)/income   $ (1,276,138 )   $ 449,428  
                 
Weighted Average Outstanding Shares:                
Outstanding shares     43,960,936       39,675,107  
Option shares includable     (a)     199,882  
      43,960,936       39,874,989  
                 
Net income per share                
Basic   $ (0.03 )   $ 0.01  
Diluted   $ (0.03 )   $ 0.01  

__________

 

(a)  Option shares of 183,681 were not included as the impact is anti-dilutive.

Schedule of net sales by geography

The following table summarizes net sales by geography for the three months ended March 31, 2021 and 2020:

 

    Three Months Ended March 31,
    2021   2020
Sales            
Domestic   $ 4,446,789   $ 5,340,866
International     984,162     989,143
Total   $ 5,430,951   $ 6,330,009