Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (LOSS) - USD ($)
9 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2017
REVENUES    
Sales of goods, net $ 14,336,618 $ 35,502,510
Sales of services, net 1,650,568 2,783,866
Total Revenues 15,987,186 38,286,376
COST OF SALES    
Cost of goods sold-product 6,732,822 16,116,161
Cost of goods sold-services 1,154,326 1,906,308
Total Cost of Goods Sold 7,887,148 18,022,469
GROSS PROFIT 8,100,038 20,263,907
OPERATING EXPENSES    
General and administrative expenses 7,198,081 11,676,693
Research and development 757,880 1,221,211
Depreciation and amortization expense 482,311 526,583
Total Operating Expenses 8,438,272 13,424,487
INCOME (LOSS) FROM OPERATIONS (338,234) 6,839,420
OTHER INCOME (EXPENSE)    
Gain (loss) on sale of fixed assets (2,680) 62,492
Other income 102,206 40,992
Interest income 90,028 180,325
Total Other Income 189,554 283,809
NET INCOME (LOSS) BEFORE INCOME TAXES (148,680) 7,123,229
INCOME TAX EXPENSE (BENEFIT) (226,733) 2,673,694
NET INCOME 78,053 4,449,535
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign Currency Translation Gain (Loss) (415,698) 587,951
Unrealized Gains (Losses) on Investments (112,363) 22,330
Total Other Comprehensive Income (Loss) (528,061) 610,281
TOTAL COMPREHENSIVE INCOME (LOSS) $ (450,008) $ 5,059,816
BASIC EARNINGS (LOSS) PER SHARE (in usd per share) $ 0.00 $ 0.09
FULLY DILUTED EARNINGS (LOSS) PER SHARE (in usd per share) $ 0.00 $ 0.09
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 52,857,299 49,365,592
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 53,483,110 49,858,435