v3.19.2
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
NET SALES $ 5,348,812 $ 4,502,326 $ 10,323,090 $ 8,535,550
Cost of goods sold 1,873,148 1,762,742 3,799,472 3,330,142
Gross Profit 3,475,664 2,739,584 6,523,618 5,205,408
OPERATING EXPENSES        
Selling, general and administrative 3,175,382 2,022,631 6,152,765 3,902,900
Research and development 178,235 23,963 280,194 33,811
Depreciation and amortization 86,169 75,978 169,820 150,556
Total Operating Expenses 3,439,786 2,122,572 6,602,779 4,087,267
Net Operating Profit/(Loss) 35,878 617,012 (79,161) 1,118,141
Non-Operating Income/(Expense)        
Loss on currency exchange (1,235) (19,838) (10,925) (10,414)
Gain on disposal of fixed asset, net 49,980 49,740  
Interest, net and other income, net 18,243 5,501 35,723 6,116
TOTAL OTHER INCOME/(EXPENSE) 66,988 (14,337) 74,538 (4,298)
INCOME/(LOSS) BEFORE TAXES 102,866 602,675 (4,623) 1,113,843
Income Tax Expense (24,683) (126,952) (2,584) (234,693)
NET INCOME/(LOSS) $ 78,183 $ 475,723 $ (7,207) $ 879,150
NET INCOME PER SHARE        
Basic (in dollars per share) $ 0.00 $ 0.01 $ 0.00 $ 0.02
Diluted (in dollars per share) $ 0.00 $ 0.01 $ 0.00 $ 0.02
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 38,353,000 38,100,040 38,279,718 38,058,500
Diluted (in shares) 39,299,800 38,872,998 39,219,752 38,815,301

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