v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES (note 8)    
Total Revenues $ 9,503,140 $ 5,092,349
COST OF SALES    
Total Cost of Sales 4,946,436 2,917,662
GROSS PROFIT 4,556,704 2,174,687
OPERATING EXPENSES    
General and administrative 3,392,379 2,554,536
Research and development 308,316 256,891
Depreciation and amortization 167,015 167,485
Total Operating Expenses 3,867,710 2,978,912
INCOME (LOSS) FROM OPERATIONS 688,994 (804,225)
OTHER INCOME (EXPENSE)    
Gain on sale of property and equipment 95,842 73,901
Other expense (18,778) (97)
Interest income 21,545 21,062
Total Other Income 98,609 94,866
INCOME (LOSS) BEFORE INCOME TAXES 787,603 (709,359)
INCOME TAX BENEFIT (EXPENSE) (160,442) 107,859
NET INCOME (LOSS) 627,161 (601,500)
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation gain 158,359 139,606
Unrealized losses on investments (287,126) (7,974)
Total Other Comprehensive Income (Loss) (128,767) 131,632
TOTAL COMPREHENSIVE INCOME (LOSS) $ 498,394 $ (469,868)
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 0.01 $ (0.01)
FULLY DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ 0.01 $ (0.01)
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 47,481,439 47,990,101
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 48,536,418 47,990,101
Product    
REVENUES (note 8)    
Total Revenues $ 8,878,423 $ 4,657,535
COST OF SALES    
Total Cost of Sales 4,382,700 2,537,634
Service    
REVENUES (note 8)    
Total Revenues 624,717 434,814
COST OF SALES    
Total Cost of Sales $ 563,736 $ 380,028

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