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Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Licenses, royalties and fees $ 107,100 $ 192,000 $ 271,700 $ 382,500
Product and other sales 520,200 324,100 875,900 543,000
Total revenues 627,300 516,100 1,147,600 925,500
Cost of revenues        
Licenses, royalties and fees 58,600 31,600 108,300 56,800
Product and other sales 247,200 123,400 448,800 213,700
Total cost of revenues 305,800 155,000 557,100 270,500
Gross profit 321,500 361,100 590,500 655,000
Operating expenses        
Research and development 41,900 39,400 83,000 77,400
Sales and marketing 86,000 74,300 170,000 143,200
General and administrative 120,000 86,900 259,700 181,000
Total operating expenses 247,900 200,600 512,700 401,600
Net income from operations 73,600 160,500 77,800 253,400
Other income (expenses)        
Interest income 4,300 1,500 8,100 2,600
Interest expense, bank charges and accretion of interest (2,100) (2,700) (4,600) (5,400)
Total other income (expenses) 2,200 (1,200) 3,500 (2,800)
Net income before income taxes 75,800 159,300 81,300 250,600
Income taxes 5,000 10,400 (42,100) 16,300
Net income $ 70,800 $ 148,900 $ 123,400 $ 234,300
Basic and diluted net income per common share $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average common shares outstanding        
Basic 61,044,698 58,616,716 61,044,698 58,616,716
Diluted 61,605,985 58,973,280 61,577,129 58,988,005