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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Licenses, royalties and fees $ 175,200 $ 178,200 $ 2,005,700 $ 468,900
Product and other sales 386,200 224,200 854,800 634,500
Total revenues 561,400 402,400 2,860,500 1,103,400
Cost of revenues        
Licenses, royalties and fees 35,100 23,300 84,300 71,100
Product and other sales 137,900 82,300 323,500 248,600
Total cost of revenues 173,000 105,600 407,800 319,700
Gross profit 388,400 296,800 2,452,700 783,700
Operating expenses        
Research and development 38,100 36,300 111,300 109,200
Sales and marketing 74,600 67,200 313,200 187,900
General and administrative 73,400 80,400 277,600 240,000
Total operating expenses 186,100 183,900 702,100 537,100
Net income from operations 202,300 112,900 1,750,600 246,600
Other income (expenses)        
Interest income 700 200 1,400 200
Interest expense, bank charges and accretion of interest (2,600) (3,300) (8,300) (22,600)
Total other income (expenses) (1,900) (3,100) (6,900) (22,400)
Net income before income taxes 200,400 109,800 1,743,700 224,200
Income taxes 199,300 199,300
Net income $ 1,100 $ 109,800 $ 1,544,400 $ 224,200
Basic and diluted net income per common share $ 0.00 $ 0.00 $ .03 $ 0.00
Weighted average common shares outstanding        
Basic 58,616,716 58,599,016 58,616,716 58,599,016
Diluted 59,012,626 58,896,464 58,977,284 58,891,635