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Statements of Comprehensive Income (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Licenses, royalties and fees $ 150,200 $ 169,800 $ 273,200 $ 307,100
Product and other sales 449,000 344,500 918,100 546,600
 Total revenues 599,200 514,300 1,191,300 853,700
Cost of revenues        
Licenses, royalties and fees 49,800 46,400 108,500 85,900
Product and other sales 179,200 154,800 401,000 281,500
 Total cost of revenues 229,000 201,200 509,500 367,400
Gross profit 370,200 313,100 681,800 486,300
Operating expenses        
Research and development 35,300 32,500 80,100 72,000
Sales and marketing 61,100 76,700 147,400 141,500
General and administrative 223,300 506,700 424,500 784,400
 Total operating expenses 319,700 615,900 652,000 997,900
Net income (loss) from operations 50,500 (302,800) 29,800 (511,600)
Other income (expenses)        
Interest income 60,400 6,100 122,500 11,900
Interest expense and bank charges (4,400) (300) (5,000) (700)
 Total other income (expenses) 56,000 5,800 117,500 11,200
Net income (loss) before income taxes 106,500 (297,000) 147,300 (500,400)
Income taxes 27,400 0 37,900 0
Net income (loss) $ 79,100 $ (297,000) $ 109,400 $ (500,400)
Net income (loss) per common share        
Basic $ 0.01 $ (0.04) $ 0.01 $ (0.07)
Diluted $ 0.01 $ (0.04) $ 0.01 $ (0.07)
Weighted average common shares outstanding        
Basic 9,251,178 6,751,178 9,251,178 6,751,178
Diluted 9,251,178 6,751,178 9,251,178 6,751,178