Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.2
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Basic earnings per share are computed on the weighted average of common shares outstanding during each year. 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.

Basic earnings per share are computed on the weighted average of common shares outstanding during each year.  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   Nine Months Ended  
    September 30,   September 30,  
    2021   2020   2021   2020  
                           
Net (loss)/income   $ (1,093,778 ) $ 249,175   $ (3,494,465 ) $ (377,435 )
                           
Weighted Average Outstanding Shares:                          
Outstanding shares     44,322,335     43,914,542     44,510,021     41,326,815  
Option shares includable     — (a)   204,969 (a)   — (a)   — (a)
      44,322,335     44,119,511     44,510,021     41,326,815  
                           
Net (loss)/income per share                          
Basic   $ (0.02 ) $ 0.01   $ (0.08 ) $ (0.01 )
Diluted   $ (0.02 ) $ 0.01   $ (0.08 ) $ (0.01 )
The following table summarizes net sales by geography for the three and nine months ended September 30, 2021, and 2020:

The following table summarizes net sales by geography for the three and nine months ended September 30, 2021, and 2020:

 

    Three Months Ended September 30,   Nine Months Ended September 30,  
    2021   2020   2021   2020  
Sales                          
Domestic   $ 5,254,336   $ 5,372,536   $ 14,346,895   $ 17,459,212  
International     786,208     707,779     2,652,774     2,660,016  
Total   $ 6,040,544   $ 6,080,315   $ 16,999,669   $ 20,119,228