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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 4,596,411 $ 4,634,177 $ 8,125,102 $ 8,705,655
Cost of goods sold 3,167,982 2,971,862 5,687,554 5,680,921
GROSS PROFIT 1,428,429 1,662,315 2,437,548 3,024,734
Selling general and administrative* [1] 1,338,861 1,308,963 2,720,826 2,657,946
Research and development* [1] 270,465 156,472 449,307 310,548
(LOSS) INCOME FROM OPERATIONS (180,897) 196,880 (732,585) 56,240
INTEREST EXPENSE (22,515) (23,807) (44,790) (43,742)
OTHER 17,303 11,805 33,497 21,226
(LOSS) INCOME BEFORE INCOME TAXES (186,109) 184,878 (743,878) 33,724
INCOME TAX (BENEFIT) EXPENSE (70,398) 39,542 (173,136) 19,126
NET (LOSS) INCOME $ (115,711) $ 145,336 $ (570,742) $ 14,598
(LOSS) INCOME PER COMMON SHARE        
Basic (in dollars per share) $ (0.06) $ 0.07 $ (0.29) $ 0.01
Diluted (in dollars per share) $ (0.06) $ 0.07 $ (0.29) $ 0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Weighted average common shares outstanding (in shares) 1,982,275 1,983,553 1,982,910 1,983,553
Diluted (in shares) 1,982,275 1,983,553 1,982,910 1,983,553
[1] The Company does not allocate all selling, general and administrative expenses or any research and development expenses to its operating segments for internal reporting.