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Condensed Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenue $ 16,466 $ 15,241 $ 47,059 $ 44,295
Total cost of sales 6,547 6,277 19,517 18,417
Gross profit 9,919 8,964 27,542 25,878
Operating expenses:        
Research and development 2,659 2,879 8,566 8,014
General and administrative 3,933 2,971 10,660 8,560
Sales and marketing 1,348 1,203 4,018 3,629
Total operating expenses 7,940 7,053 23,244 20,203
Income from operations 1,979 1,911 4,298 5,675
Interest expense   (73) (63) (218)
Other income (expense), net 459 69 2,849 56
Net income before income taxes 2,438 1,907 7,084 5,513
Net income and comprehensive income $ 2,438 $ 1,907 $ 7,084 $ 5,513
Net income per common share, Basic $ 0.12 $ 0.09 $ 0.34 $ 0.27
Net income per common share, Diluted $ 0.11 $ 0.09 $ 0.33 $ 0.27
Weighted average shares of common stock outstanding, basic 20,848,558 20,206,728 20,653,775 20,058,744
Weighted average shares of common stock outstanding, diluted 21,828,789 20,539,064 21,276,904 20,698,814
Product sales        
Total revenue $ 13,543 $ 14,571 $ 40,726 $ 40,465
Total cost of sales 5,920 6,122 18,133 17,667
Licensing, royalty, patent and other revenue        
Total revenue 2,923 670 6,333 3,830
Total cost of sales $ 627 $ 155 $ 1,384 $ 750