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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Licenses, royalties and fees $ 189,400 $ 175,200 $ 571,900 $ 2,005,700
Product and other sales 448,100 386,200 991,100 854,800
Total revenues 637,500 561,400 1,563,000 2,860,500
Cost of revenues        
Licenses, royalties and fees 41,400 35,100 98,200 84,300
Product and other sales 166,600 137,900 380,300 323,500
Total cost of revenues 208,000 173,000 478,500 407,800
Gross profit 429,500 388,400 1,084,500 2,452,700
Operating expenses        
Research and development 45,200 38,100 122,600 111,300
Sales and marketing 81,000 74,600 224,200 313,200
General and administrative 84,200 73,400 265,200 277,600
Total operating expenses 210,400 186,100 612,000 702,100
Net income from operations 219,100 202,300 472,500 1,750,600
Other income (expenses)        
Interest income 4,600 700 7,200 1,400
Interest expense and bank charges (2,600) (2,600) (8,000) (8,300)
Total other income (expenses) 2,000 (1,900) (800) (6,900)
Net income before income taxes 221,100 200,400 471,700 1,743,700
Income taxes 14,300 199,300 30,600 199,300
Net income $ 206,800 $ 1,100 $ 441,100 $ 1,544,400
Basic and diluted net income per common share $ 0.00 $ 0.00 $ .01 $ 0.03
Weighted average common shares outstanding        
Basic 59,614,698 58,616,716 58,949,377 58,616,716
Diluted 59,990,371 59,012,626 59,322,141 58,977,284