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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Licenses, royalties and fees $ 153,300 $ 189,400 $ 425,000 $ 571,900
Product and other sales 601,500 448,100 1,477,400 991,100
Total revenues 754,800 637,500 1,902,400 1,563,000
Cost of revenues        
Licenses, royalties and fees 61,900 41,400 170,200 98,200
Product and other sales 267,400 166,600 716,200 380,300
Total cost of revenues 329,300 208,000 886,400 478,500
Gross profit 425,500 429,500 1,016,000 1,084,500
Operating expenses        
Research and development 40,700 45,200 123,700 122,600
Sales and marketing 90,900 81,000 260,900 224,200
General and administrative 123,800 84,200 383,500 265,200
Total operating expenses 255,400 210,400 768,100 612,000
Net income from operations 170,100 219,100 247,900 472,500
Other income (expenses)        
Interest income 4,200 4,600 12,300 7,200
Interest expense and bank charges (1,300) (2,600) (5,900) (8,000)
Total other income (expenses) 2,900 2,000 6,400 (800)
Net income before income taxes 173,000 221,100 254,300 471,700
Income taxes 9,900 14,300 (32,200) 30,600
Net income $ 163,100 $ 206,800 $ 286,500 $ 441,100
Basic and diluted net income per common share $ 0.00 $ 0.00 $ 0.00 $ 0.01
Weighted average common shares outstanding        
Basic 66,768,023 59,614,698 62,952,473 58,949,377
Diluted 66,893,250 59,990,371 63,069,652 59,322,141