XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenue $ 6,093,263 $ 6,413,721 $ 15,790,364 $ 12,521,663
Cost of sales 3,217,911 2,446,455 7,211,807 5,381,403
Gross profit 2,875,352 3,967,266 8,578,557 7,140,260
Operating expenses:        
General and administrative 1,958,038 2,250,348 5,670,883 6,050,798
Research and development 651,734 497,645 1,257,271 1,204,011
Net operating expense 2,609,772 2,747,993 6,928,154 7,254,809
Income (loss) from operations 265,580 1,219,273 1,650,403 (114,549)
Other income (expense):        
Other income (11,981) 7,067 38,777 45,359
Gain on forgiveness of note payable 1,320,714 1,320,714
Other (expense) income 21,948 (3,315) (13,094) (12,929)
Net other income (expense) 1,330,681 3,752 1,346,397 32,430
Income (Loss) before provision for income taxes 1,596,261 1,223,025 2,996,800 (82,119)
Provision (Benefit) for income taxes 253,289 354,941 469,306 40,467
Net income (loss) $ 1,342,972 $ 868,084 $ 2,527,494 $ (122,586)
Net income (loss) per common share:        
Basic $ 0.12 $ 0.11 $ 0.26 $ (0.02)
Diluted $ 0.12 $ 0.11 $ 0.25 $ (0.02)
Weighted average shares outstanding:        
Basic 10,792,520 7,760,799 9,745,091 7,753,034
Diluted 11,031,922 7,842,475 10,111,458 7,753,034
Net sales [Member]        
Revenues:        
Total revenue $ 6,093,263 $ 6,395,356 $ 15,790,364 $ 12,472,106
Eatertainment royalties licensing fees former related party [Member]        
Revenues:        
Total revenue 16,005 45,247
Other royalties licensing fees [Member]        
Revenues:        
Total revenue $ 2,360 $ 4,310