Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF OPERATIONS

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STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
NET REVENUES $ 28,517,666 $ 27,896,037
Cost of goods sold 11,809,384 12,527,051
Gross Profit 16,708,282 15,368,986
OPERATING EXPENSES    
Selling, general and administrative 20,365,617 20,606,507
Research and development 5,742,254 4,956,215
Depreciation and amortization 870,390 587,137
Total Operating Expenses 26,978,261 26,149,859
Net Operating Loss (10,269,979) (10,780,873)
Non-Operating Income    
Loss on foreign currency exchange (5,124) (39,874)
Loss on disposal of fixed assets (59,807)
Interest income, net 561,328 145,587
TOTAL OTHER INCOME 496,397 105,713
LOSS BEFORE TAXES (9,773,582) (10,675,160)
Income (tax)/benefit (3,967,480) 2,014,018
NET LOSS $ (13,741,062) $ (8,661,142)
NET LOSS PER SHARE    
Basic $ (0.30) $ (0.19)
Diluted $ (0.30) $ (0.19)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING    
Basic 45,601,346 45,002,074
Diluted 45,601,346 45,002,074