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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Net sales $ 4,645,593 $ 2,993,872 $ 13,902,215 $ 12,602,134
Royalties/licensing fees 40,852 47,829 245,082 47,829
Total revenue 4,686,445 3,041,701 14,147,297 12,649,963
Cost of sales 1,573,384 1,345,180 4,853,796 4,856,906
Gross profit 3,113,061 1,696,521 9,293,501 7,793,057
OPERATING EXPENSES        
General and administrative 2,050,395 1,401,547 5,515,455 4,632,048
Research and development 310,848 299,288 931,954 731,630
Net operating expense 2,361,243 1,700,835 6,447,409 5,363,678
Income/(loss) from operations 751,818 (4,314) 2,846,092 2,429,379
OTHER INCOME (EXPENSE)        
Other income 14,813 5,626 52,410 8,406
Other expense (221) (2,981) (4,113) (2,981)
Net other income/(loss) 14,592 2,645 48,297 5,425
Income/(loss) before income taxes 766,410 (1,669) 2,894,389 2,434,804
Provision for income taxes 24,285 8,414 102,285 73,618
NET INCOME/(LOSS) $ 742,125 $ (10,083) $ 2,792,104 $ 2,361,186
Earnings per common share        
Basic $ 0.09 $ (0.00) $ 0.35 $ 0.30
Diluted $ 0.09 $ (0.00) $ 0.33 $ 0.28
Weighted average shares outstanding        
Basic 7,918,114 7,916,730 7,924,475 7,914,093
Diluted 8,337,377 7,916,730 8,418,275 8,552,275