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Statements of Comprehensive Income (Loss) (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Licenses, royalties and fees $ 86,500 $ 123,000
Product and other sales 311,800 469,100
 Total revenues 398,300 592,100
Cost of revenues    
Licenses, royalties and fees 51,800 58,700
Product and other sales 180,900 221,800
Total cost of revenues 232,700 280,500
Gross profit 165,600 311,600
Operating expenses    
Research and development 41,400 44,800
Sales and marketing 69,000 86,300
General and administrative 1,214,800 201,200
Total operating expenses 1,325,200 332,300
Net loss from operations (1,159,600) (20,700)
Other income (expenses)    
Interest income 137,100 62,100
Interest expense and bank charges (5,700) (600)
Total other income (expenses) 131,400 61,500
Net income (loss) before income taxes (1,028,200) 40,800
Income taxes 10,500
Net income (loss) $ (1,028,200) $ 30,300
Basic net income (loss) per common share $ (0.10) $ 0.00
Diluted net income (loss) per common share $ (0.10) $ 0.00
Weighted average common shares outstanding    
Basic 10,501,178 9,251,178
Diluted 10,501,178 9,251,178