v3.24.1.u1
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES (note 8)    
Total Revenues $ 13,641,140 $ 14,684,628
COST OF SALES    
Total Cost of Sales 6,884,368 6,851,520
GROSS PROFIT 6,756,772 7,833,108
OPERATING EXPENSES    
General and administrative 4,604,766 4,110,032
Research and development 265,058 274,389
Depreciation and amortization 149,859 142,887
Total Operating Expenses 5,019,683 4,527,308
INCOME FROM OPERATIONS 1,737,089 3,305,800
OTHER INCOME (EXPENSE)    
Gain on sale of assets 44,821 53,075
Other expense (23,339) (9,553)
Interest income 71,897 58,047
Interest expense (2,945) (933)
Total Other Income 90,434 100,636
INCOME BEFORE INCOME TAXES 1,827,523 3,406,436
INCOME TAX EXPENSE (393,148) (816,815)
NET INCOME 1,434,375 2,589,621
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation loss (244,801) (5,524)
Unrealized gains on investments 11,066 76,287
Total Other Comprehensive Income (Loss) (233,735) 70,763
COMPREHENSIVE INCOME $ 1,200,640 $ 2,660,384
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.03 $ 0.05
FULLY DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.03 $ 0.05
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 46,884,875 47,174,518
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 48,482,704 48,612,833
Product    
REVENUES (note 8)    
Total Revenues $ 12,691,804 $ 13,759,679
COST OF SALES    
Total Cost of Sales 6,095,004 6,105,506
Service    
REVENUES (note 8)    
Total Revenues 949,336 924,949
COST OF SALES    
Total Cost of Sales $ 789,364 $ 746,014

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