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Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Licenses, royalties and fees $ 809,900 $ 744,000
Product and other sales 1,142,000 1,914,700
Total revenues 1,951,900 2,658,700
Cost of revenues    
Licenses, royalties and fees 168,000 223,800
Product and other sales 570,100 899,900
Total cost of revenues 738,100 1,123,700
Gross profit 1,213,800 1,535,000
Operating expenses    
Research and development 181,500 173,500
Sales and marketing 287,700 356,400
General and administrative 719,400 526,100
Total operating expenses 1,188,600 1,056,000
Net income from operations 25,200 479,000
Other income (expenses)    
Interest income 20,700 18,200
Interest expense and bank charges (2,200) (6,900)
Total other income (expenses) 18,500 11,300
Net income before income taxes 43,700 490,300
Income taxes (5,700) (18,100)
Net income $ 49,400 $ 508,400
Net income per common share    
Basic $ 0.00 $ 0.01
Diluted $ 0.00 $ 0.01
Weighted average common shares outstanding    
Basic 67,436,153 64,052,777
Diluted 67,436,153 64,172,276