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Statements of Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Licenses, royalties and fees $ 563,200 $ 3,613,000
Product and other sales 1,520,700 1,014,200
Total revenues 2,083,900 4,627,200
Cost of revenues    
Licenses, royalties and fees 214,100 174,200
Product and other sales 767,900 553,500
Total cost of revenues 982,000 727,700
Gross profit 1,101,900 3,899,500
Operating expenses    
Research and development 163,400 140,400
Sales and marketing 270,800 494,500
General and administrative 2,538,300 1,219,200
Total operating expenses 2,972,500 1,854,100
Net income (loss) from operations (1,870,600) 2,045,400
Other income (expenses)    
Interest income 326,900 64,200
Interest expense and bank charges (14,900) (2,000)
Total other income (expenses) 312,000 62,200
Net income (loss) before income taxes (1,558,600) 2,107,600
Income taxes provision (benefit) (122,700) 294,500
Net income (loss) $ (1,435,900) $ 1,813,100
Net income (loss) per common share    
Basic $ (0.15) $ 0.24
Diluted $ (0.15) $ 0.24
Weighted average common shares outstanding    
Basic 9,667,845 7,584,511
Diluted 9,667,845 7,584,511