Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF OPERATIONS (UNAUDITED)

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STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
NET SALES $ 4,502,326 $ 3,829,457 $ 8,535,550 $ 7,467,893
Cost of goods sold 1,762,742 1,532,158 3,330,142 3,068,639
Gross Profit 2,739,584 2,297,299 5,205,408 4,399,254
OPERATING EXPENSES        
Selling, general and administrative 2,022,631 2,005,336 3,902,900 3,780,445
Research and development 23,963 24,840 33,811 70,746
Depreciation and amortization 75,978 76,781 150,556 151,662
Total Operating Expenses 2,122,572 2,106,957 4,087,267 4,002,853
Net Operating Profit 617,012 190,342 1,118,141 396,401
Non-Operating (Expense)/Income        
(Loss)/Gain on currency exchange (19,838) 34,670 (10,414) 51,744
Interest and other income 5,501 421 6,116 2,066
TOTAL OTHER (EXPENSE)/INCOME (14,337) 35,091 (4,298) 53,810
PROFIT BEFORE TAXES 602,675 225,433 1,113,843 450,211
Income Tax Expense (126,952) (76,961) (234,693) (174,788)
NET INCOME $ 475,723 $ 148,472 $ 879,150 $ 275,423
NET INCOME PER SHARE        
Basic $ 0.01 $ 0.02 $ 0.01
Diluted $ 0.01 $ 0.02 $ 0.01
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic 38,100,040 37,825,209 38,058,500 37,799,981
Diluted 38,872,998 37,899,619 38,815,301 37,866,730