XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net Sales $ 9,297,186 $ 3,598,028 $ 16,718,384 $ 5,989,410
Cost of Goods Sold 7,222,076 2,938,206 13,168,194 5,389,180
Gross Profit 2,075,110 659,822 3,550,190 600,230
Operating Expenses:        
Selling expenses 514,037 463,998 997,623 873,790
General and administrative expenses 968,437 582,208 1,739,302 1,344,647
Research and development expenses 199,184 176,281 402,356 345,677
Total Operating Expense 1,681,658 1,222,487 3,139,281 2,564,114
Income (Loss) from Operations 393,452 (562,665) 410,909 (1,963,884)
Other Income (Expense)        
Interest and other income 18,173 7,173 25,450 10,457
Interest expense (36,502) (4,174) (75,150) (60,474)
Gain (Loss) on currency transactions (206,718) 296,140 (158,560) 217,086
Gain (Loss) on sale of fixed assets (21,619) (21,619)
Total Other Income (Expense) (246,666) 299,139 (229,879) 167,069
Income (Loss) Before Income Taxes 146,786 (263,526) 181,030 (1,796,815)
Income Tax Expense (Income)
Net Income (Loss) $ 146,786 $ (263,526) $ 181,030 $ (1,796,815)
Basic and Diluted Income (Loss) Per Share (in dollars per share) $ 0.01 $ (0.004) $ 0.01 $ (0.03)
Basic Weighted Average Common Shares Outstanding (in shares) 19,211,771 16,214,833 18,742,029 13,682,405
Diluted Weighted Average Common Shares Outstanding (in shares) 19,228,160 16,214,833 18,758,108 13,682,405