v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES (note 8)        
Total Revenues $ 6,943,198 $ 4,000,106 $ 18,069,830 $ 15,806,727
COST OF SALES        
Total Cost of Goods Sold 3,823,730 2,479,683 10,117,943 9,034,763
GROSS PROFIT 3,119,468 1,520,423 7,951,887 6,771,964
OPERATING EXPENSES        
General and administrative 2,980,945 2,247,614 8,319,353 8,273,925
Research and development 290,657 433,800 848,993 1,073,074
Depreciation and amortization 166,155 168,507 500,492 496,976
Total Operating Expenses 3,437,757 2,849,921 9,668,838 9,843,975
LOSS FROM OPERATIONS (318,289) (1,329,498) (1,716,951) (3,072,011)
OTHER INCOME (EXPENSE)        
Gain on sale of property and equipment 31,685 36,483 144,078 193,938
Other income (expense) (2,984) (48,349) 1,755 (49,667)
Interest income 33,067 103,364 82,698 255,289
Total Other Income 61,768 91,498 228,531 399,560
LOSS BEFORE INCOME TAXES (256,521) (1,238,000) (1,488,420) (2,672,451)
INCOME TAX BENEFIT 348,767 180,252 582,000 440,936
NET INCOME (LOSS) 92,246 (1,057,748) (906,420) (2,231,515)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation gain (loss) (263,908) 233,170 39,183 (336,986)
Unrealized gains (losses) on investments (20,811) (36,840) 26,744 (121,319)
Total Other Comprehensive Income (Loss) (284,719) 196,330 65,927 (458,305)
TOTAL COMPREHENSIVE LOSS $ (192,473) $ (861,418) $ (840,493) $ (2,689,820)
BASIC LOSS PER SHARE (in dollars per share) $ 0 $ (0.02) $ (0.02) $ (0.05)
FULLY DILUTED LOSS PER SHARE (in dollars per share) $ 0 $ (0.02) $ (0.02) $ (0.05)
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 48,239,236 47,933,318 48,095,404 47,717,114
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 49,328,808 47,933,318 48,095,404 47,717,114
Product        
REVENUES (note 8)        
Total Revenues $ 6,296,736 $ 3,517,280 $ 16,328,810 $ 14,377,377
COST OF SALES        
Total Cost of Goods Sold 3,217,655 2,141,888 8,666,168 7,919,959
Service        
REVENUES (note 8)        
Total Revenues 646,462 482,826 1,741,020 1,429,350
COST OF SALES        
Total Cost of Goods Sold $ 606,075 $ 337,795 $ 1,451,775 $ 1,114,804

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