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Condensed Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue $ 15,241 $ 14,795 $ 44,295 $ 36,923
Total cost of sales 6,277 6,347 18,417 15,294
Gross profit 8,964 8,448 25,878 21,629
Operating expenses:        
Research and development 2,879 3,105 8,014 8,901
General and administrative 2,971 2,996 8,560 8,177
Sales and marketing 1,203 1,272 3,629 3,304
Total operating expenses 7,053 7,373 20,203 20,382
Income (loss) from operations 1,911 1,075 5,675 1,247
Interest expense (73) (165) (218) (461)
Other expense, net 69 (8) 56 (35)
Net income before income taxes 1,907 902 5,513 751
Income tax expense   (22)   (75)
Net income and comprehensive income $ 1,907 $ 880 $ 5,513 $ 676
Net income per share attributable to common share, basic $ 0.09 $ 0.05 $ 0.27 $ 0.03
Net income per common share, diluted $ 0.09 $ 0.04 $ 0.27 $ 0.03
Weighted average shares of common stock outstanding, basic 20,206,728 19,511,132 20,058,744 19,296,241
Weighted average shares of common stock outstanding, diluted 20,539,064 19,912,918 20,698,814 19,787,889
Product sales        
Total revenue $ 14,571 $ 12,037 $ 40,465 $ 31,292
Total cost of sales 6,122 6,043 17,667 14,629
Licensing, royalty, patent and other revenue        
Total revenue 670 2,758 3,830 5,631
Total cost of sales $ 155 $ 304 $ 750 $ 665