v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES (note 8)    
Total Revenues $ 5,092,349 $ 7,447,142
COST OF SALES    
Total Cost of Goods Sold 2,917,662 4,282,466
GROSS PROFIT 2,174,687 3,164,676
OPERATING EXPENSES    
General and administrative expenses 2,554,536 3,272,538
Research and development 256,891 409,726
Depreciation and amortization expense 167,485 147,472
Total Operating Expenses 2,978,912 3,829,736
LOSS FROM OPERATIONS (804,225) (665,060)
OTHER INCOME (EXPENSE)    
Gain on sale of fixed assets 73,901 0
Other income (expense) (97) 347
Interest income 21,062 74,393
Total Other Income 94,866 74,740
LOSS BEFORE INCOME TAXES (709,359) (590,320)
INCOME TAX BENEFIT 107,859 225,056
NET LOSS (601,500) (365,264)
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation gain (loss) 139,606 (945,423)
Unrealized losses on investments (7,974) (157,354)
Total Other Comprehensive Income (Loss) 131,632 (1,102,777)
COMPREHENSIVE LOSS $ (469,868) $ (1,468,041)
BASIC LOSS PER SHARE (in dollars per share) $ (0.01) $ (0.01)
FULLY DILUTED LOSS PER SHARE (in dollars per share) $ (0.01) $ (0.01)
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 47,990,101 47,492,441
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (in shares) 47,990,101 47,492,441
Product    
REVENUES (note 8)    
Total Revenues $ 4,657,535 $ 6,860,958
COST OF SALES    
Total Cost of Goods Sold 2,537,634 3,833,682
Service    
REVENUES (note 8)    
Total Revenues 434,814 586,184
COST OF SALES    
Total Cost of Goods Sold $ 380,028 $ 448,784

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