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Statements of Comprehensive Income (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Licenses, royalties and fees $ 222,500 $ 153,300 $ 552,900 $ 425,000
Product and other sales 90,000 601,500 884,900 1,477,400
Total revenues 312,500 754,800 1,437,800 1,902,400
Cost of revenues        
Licenses, royalties and fees 28,300 61,900 124,900 170,200
Product and other sales 75,000 267,400 432,500 716,200
Total cost of revenues 103,300 329,300 557,400 886,400
Gross profit 209,200 425,500 880,400 1,016,000
Operating expenses        
Research and development 44,000 40,700 134,300 123,700
Sales and marketing 56,600 90,900 214,000 260,900
General and administrative 122,300 123,800 385,500 383,500
Total operating expenses 222,900 255,400 733,800 768,100
Net income (loss) from operations (13,700) 170,100 146,600 247,900
Other income (expenses)        
Interest income 5,100 4,200 15,200 12,300
Interest expense and bank charges (500) (1,300) (1,700) (5,900)
Total other income (expenses) 4,600 2,900 13,500 6,400
Net income (loss) before income taxes (9,100) 173,000 160,100 254,300
Income taxes (10,200) 9,900 1,700 (32,200)
Net income $ 1,100 $ 163,100 $ 158,400 $ 286,500
Basic and diluted net income per common share $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average common shares outstanding        
Basic 67,495,055 66,768,023 67,416,519 62,952,473
Diluted 67,495,055 66,893,250 67,416,519 63,069,652