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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement      
Revenues $ 10,931,188 $ 7,425,707 $ 11,149,130
Cost of Goods Sold 6,022,192 4,229,215 6,356,452
Gross Profit 4,908,996 3,196,492 4,792,678
Expenses      
Office and administration 2,278,467 2,243,413 2,074,623
Management compensation 720,003 720,923 670,269
Research 1,068,708 1,697,497 1,391,712
Marketing 409,256 353,010 365,193
Travel 111,235 64,419 52,497
Accounting and legal 518,543 271,613 312,213
Share-based expense 163,051 133,645 423,538
Consulting 318,846 325,024 265,507
Investor relations 84,000 84,000 84,000
Foreign exchange (gain) loss 55,231 (78,428) (11,254)
Amortization 399,652 437,865 140,178
Bad debts 0 2,000 (0)
Total Expenses 6,126,992 6,254,981 5,768,476
Loss Before the Following: (1,217,996) (3,058,489) (975,798)
Interest income 0 0 30,966
Gain on repurchase of RSUs 45,806 0 0
Gain on revaluation of derivative warrant liability 263,446 658,626 (0)
Gain (loss) on sale of property, plant, and equipment (20,602) 8,389 (0)
Write-off of inventory (260,040) (117,403) (114,066)
Unit issuance costs 0 (77,051) 0
Loss Before Taxes: (1,189,386) (2,585,928) (1,058,898)
Income Tax Expense      
Current 166,031 172,639 248,992
Net Loss and Comprehensive Loss for the Year $ (1,355,417) $ (2,758,567) $ (1,307,890)
Basic Loss Per Share (in dollar per share) $ (0.02) $ (0.05) $ (0.03)
Diluted Loss Per Share (in dollar per share) $ (0.02) $ (0.05) $ (0.03)
Weighted Average Number of Common Shares Outstanding      
Basic (in shares) 54,320,086 53,082,689 47,170,086
Diluted (in shares) 54,320,086 53,082,689 47,170,086