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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Total revenue $ 3,546,586 $ 4,686,445 $ 15,495,697 $ 14,147,297
Cost of sales 1,461,754 1,573,384 5,452,906 4,853,796
Gross profit 2,084,832 3,113,061 10,042,791 9,293,501
OPERATING EXPENSES        
General and administrative 1,681,668 2,050,395 6,167,952 5,515,455
Research and development 323,626 310,848 996,908 931,954
Net operating expense 2,005,294 2,361,243 7,164,860 6,447,409
Income from operations 79,538 751,818 2,877,931 2,846,092
OTHER INCOME (EXPENSE)        
Other income 21,032 14,813 86,508 52,410
Other expense (3,570) (221) (4,542) (4,113)
Net other income 17,462 14,592 81,966 48,297
Income before income taxes 97,000 766,410 2,959,897 2,894,389
Income tax expense 36,000 24,285 871,747 102,285
NET INCOME $ 61,000 $ 742,125 $ 2,088,150 $ 2,792,104
Earnings per common share        
Basic $ 0.01 $ 0.09 $ 0.26 $ 0.35
Diluted $ 0.01 $ 0.09 $ 0.25 $ 0.33
Weighted average shares outstanding        
Basic 7,911,807 7,918,114 7,907,864 7,924,475
Diluted 8,247,841 8,339,283 8,256,098 8,418,463
Net Sales [Member]        
REVENUES        
Total revenue $ 3,503,868 $ 4,645,593 $ 14,977,397 $ 13,902,215
Royalties/Licensing Fees [Member]        
REVENUES        
Total revenue $ 42,718 $ 40,852 $ 518,300 $ 245,082