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Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Licenses, royalties and fees $ 744,000 $ 793,800
Product and other sales 1,914,700 1,743,600
Total revenues 2,658,700 2,537,400
Cost of revenues    
Licenses, royalties and fees 223,800 169,100
Product and other sales 899,900 672,600
Total cost of revenues 1,123,700 841,700
Gross profit 1,535,000 1,695,700
Operating expenses    
Research and development 173,500 165,600
Sales and marketing 356,400 329,900
General and administrative 526,100 393,900
Total operating expenses 1,056,000 889,400
Net income from operations 479,000 806,300
Other income (expenses)    
Interest income 18,200 11,700
Interest expense and bank charges (6,900) (10,800)
Total other income (expenses) 11,300 900
Net income before income taxes 490,300 807,200
Income taxes (18,100) 52,300
Net income $ 508,400 $ 754,900
Net income per common share    
Basic $ 0.01 $ 0.01
Diluted $ 0.01 $ 0.01
Weighted average common shares outstanding    
Basic 64,052,777 59,443,207
Diluted 64,172,276 59,836,570