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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net Sales $ 9,672,716 $ 3,347,204 $ 26,391,100 $ 9,336,614
Cost of Goods Sold 7,444,978 3,058,465 20,613,172 8,447,645
Gross Profit 2,227,738 288,739 5,777,928 888,969
Operating Expenses:        
Selling expenses 461,010 414,504 1,458,633 1,288,294
General and administrative expenses 1,318,505 663,547 3,057,807 2,008,194
Research and development expenses 189,216 152,849 591,572 498,526
Total Operating Expense 1,968,731 1,230,900 5,108,012 3,795,014
Income (Loss) from Operations 259,007 (942,161) 669,916 (2,906,045)
Other Income (Expense)        
Interest and other income 28,736 1,814 54,186 12,271
Interest expense (35,292) (5,463) (110,442) (65,937)
Gain (Loss) on currency transactions 403,432 23,861 244,872 240,947
Gain (Loss) on sale of fixed assets 474 (21,145)
Total Other Income (Expense) 397,350 20,212 167,471 187,281
Income (Loss) Before Income Taxes 656,357 (921,949) 837,387 (2,718,764)
Income Tax Expense (Income)
Net Income (Loss) $ 656,357 $ (921,949) $ 837,387 $ (2,718,764)
Basic and Diluted Income (Loss) Per Share (in dollars per share) $ 0.03 $ (0.05) $ 0.04 $ (0.18)
Basic Weighted Average Common Shares Outstanding (in shares) 20,547,667 18,185,137 19,350,533 15,199,809
Diluted Weighted Average Common Shares Outstanding (in shares) 20,563,540 18,185,137 19,366,545 15,199,809