Statements of Operations - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| Revenues | ||||
| Licenses, royalties and fees | $ 1,655,600 | $ 131,900 | $ 1,830,500 | $ 290,700 |
| Product and other sales | 218,100 | 227,700 | 468,600 | 410,300 |
| Total revenues | 1,873,700 | 359,600 | 2,299,100 | 701,000 |
| Cost of revenues | ||||
| Licenses, royalties and fees | 24,200 | 26,800 | 49,200 | 47,800 |
| Product and other sales | 93,400 | 94,100 | 185,600 | 166,300 |
| Total cost of revenues | 117,600 | 120,900 | 234,800 | 214,100 |
| Gross profit | 1,756,100 | 238,700 | 2,064,300 | 486,900 |
| Operating expenses | ||||
| Research and development | 36,100 | 36,500 | 73,200 | 72,900 |
| Sales and marketing | 168,500 | 59,800 | 238,600 | 120,700 |
| General and administrative | 101,500 | 68,900 | 204,200 | 159,600 |
| Total operating expenses | 306,100 | 165,200 | 516,000 | 353,200 |
| Net income from operations | 1,450,000 | 73,500 | 1,548,300 | 133,700 |
| Other income (expenses) | ||||
| Interest income | 300 | 700 | ||
| Interest expense, bank charges and accretion of interest | (2,800) | (3,100) | (5,700) | (19,300) |
| Total other income (expenses) | (2,500) | (3,100) | (5,000) | (19,300) |
| Net income | $ 1,447,500 | $ 70,400 | $ 1,543,300 | $ 114,400 |
| Basic and diluted net income per common share | $ .02 | $ 0.00 | $ .03 | $ 0.00 |
| Weighted average common shares outstanding | ||||
| Basic | 58,616,716 | 58,599,016 | 58,616,716 | 58,599,016 |
| Diluted | 58,989,480 | 58,969,160 | 58,955,344 | 58,889,178 |