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Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Licenses, royalties and fees $ 192,000 $ 1,655,600 $ 382,500 $ 1,830,500
Product and other sales 324,100 218,100 543,000 468,600
Total revenues 516,100 1,873,700 925,500 2,299,100
Cost of revenues        
Licenses, royalties and fees 31,600 24,200 56,800 49,200
Product and other sales 123,400 93,400 213,700 185,600
Total cost of revenues 155,000 117,600 270,500 234,800
Gross profit 361,100 1,756,100 655,000 2,064,300
Operating expenses        
Research and development 39,400 36,100 77,400 73,200
Sales and marketing 74,300 168,500 143,200 238,600
General and administrative 86,900 101,500 181,000 204,200
Total operating expenses 200,600 306,100 401,600 516,000
Net income from operations 160,500 1,450,000 253,400 1,548,300
Other income (expenses)        
Interest income 1,500 300 2,600 700
Interest expense, bank charges and accretion of interest (2,700) (2,800) (5,400) (5,700)
Total other income (expenses) (1,200) (2,500) (2,800) (5,000)
Net income before income taxes 159,300 1,447,500 250,600 1,543,300
Income taxes 10,400 16,300
Net income $ 148,900 $ 1,447,500 $ 234,300 $ 1,543,300
Basic and diluted net income per common share $ 0.00 $ 0.02 $ 0.00 $ 0.03
Weighted average common shares outstanding        
Basic 58,616,716 58,616,716 58,616,716 58,616,716
Diluted 58,973,280 58,989,480 58,988,005 58,955,344