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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Licenses, royalties and fees $ 793,800 $ 2,242,500
Product and other sales 1,743,600 1,099,200
Total revenues 2,537,400 3,341,700
Cost of revenues    
Licenses, royalties and fees 169,100 115,400
Product and other sales 672,600 445,800
Total cost of revenues 841,700 561,200
Gross profit 1,695,700 2,780,500
Operating expenses    
Research and development 165,600 153,200
Sales and marketing 329,900 387,300
General and administrative 393,900 369,400
Total operating expenses 889,400 909,900
Net income from operations 806,300 1,870,600
Other income (expenses)    
Interest income 11,700 2,900
Interest expense and bank charges (10,800) (12,300)
Total other income (expenses) 900 (9,400)
Net income before income taxes 807,200 1,861,200
Income taxes 52,300 205,800
Net income $ 754,900 $ 1,655,400
Net income per common share    
Basic $ 0.01 $ 0.03
Diluted $ 0.01 $ 0.03
Weighted average common shares outstanding    
Basic 59,443,207 58,616,716
Diluted 59,836,570 58,980,420