Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of net income per common share

Therefore, diluted weighted average number of shares outstanding and diluted net loss per share were the same as basic weighted average number of shares outstanding and net loss per share for the three and six months ended June 30, 2023 and 2022.

                       
    Three Months Ended   Six Months Ended  
    June 30,   June 30,  
    2023   2022   2023   2022  
                           
Net loss   $ (2,495,886 ) $ (2,921,341 ) $ (4,906,771 ) $ (5,458,855 )
                           
Weighted Average Outstanding Shares:                          
Basic weighted average shares outstanding     45,606,603     44,921,870     45,547,427     44,795,625  
Dilutive effect of outstanding stock options and unvested restricted stock                  
Diluted weighted average shares outstanding     45,606,603     44,921,870     45,547,427     44,795,625  
                           
Net loss per share                          
Basic   $ (0.05 ) $ (0.07 ) $ (0.11 ) $ (0.12 )
Diluted   $ (0.05 ) $ (0.07 ) $ (0.11 ) $ (0.12 )
Schedule of net sales by geography

The following table summarizes net revenues by geography for the three and six months ended June 30, 2023, and 2022:

 

    Three Months Ended June 30,   Six Months Ended June 30,  
    2023   2022   2023   2022  
Revenues                          
Domestic   $ 5,686,427   $ 5,512,173   $ 11,970,392   $ 10,813,561  
International     1,249,504     1,034,455     2,358,144     1,977,397  
Total   $ 6,935,931   $ 6,546,628   $ 14,328,536   $ 12,790,958