v3.10.0.1
Condensed Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Total Revenues $ 11,499,902 $ 10,050,192 $ 35,009,380 $ 27,339,677
COST OF SALES        
Total Cost of Goods Sold 5,401,776 4,988,397 16,872,447 12,933,838
GROSS PROFIT 6,098,126 5,061,795 18,136,933 14,405,839
OPERATING EXPENSES        
General and administrative expenses 3,180,726 2,771,869 9,887,451 8,454,235
Research and development 377,676 318,621 1,097,897 798,142
Depreciation and amortization expense 143,328 125,898 401,114 405,811
Total Operating Expenses 3,701,730 3,216,388 11,386,462 9,658,188
INCOME FROM OPERATIONS 2,396,396 1,845,407 6,750,471 4,747,651
OTHER INCOME (EXPENSE)        
Gain on sale of fixed assets 43,904 14,017 129,989 62,492
Other income (expense) (1,506) 25,991 (7,462) 39,377
Interest income 85,167 41,672 310,646 127,790
Total Other Income 127,565 81,680 433,173 229,659
INCOME BEFORE INCOME TAXES 2,523,961 1,927,087 7,183,644 4,977,310
INCOME TAX EXPENSE 864,874 709,169 1,934,057 1,846,634
NET INCOME 1,659,087 1,217,918 5,249,587 3,130,676
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation gain (loss) 170,641 327,271 (223,431) 640,927
Unrealized gains (losses) on investments (11,963) 10,138 (35,972) 73,085
Total Other Comprehensive Income (Loss) 158,678 337,409 (259,403) 714,012
NET COMPREHENSIVE INCOME $ 1,817,765 $ 1,555,327 $ 4,990,184 $ 3,844,688
BASIC EARNINGS PER SHARE (dollars per share) $ 0.03 $ 0.03 $ 0.11 $ 0.06
FULLY DILUTED EARNINGS PER SHARE (dollars per share) $ 0.03 $ 0.02 $ 0.11 $ 0.06
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (shares) 48,082,506 48,552,770 48,337,517 49,613,704
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (shares) 48,852,167 49,369,835 49,107,178 50,346,333
Product        
REVENUES        
Total Revenues $ 10,830,592 $ 9,387,232 $ 33,009,616 $ 25,514,149
COST OF SALES        
Total Cost of Goods Sold 4,917,449 4,509,191 15,434,698 11,600,019
Service        
REVENUES        
Total Revenues 669,310 662,960 1,999,764 1,825,528
COST OF SALES        
Total Cost of Goods Sold $ 484,327 $ 479,206 $ 1,437,749 $ 1,333,819

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