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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 4,251,348 $ 2,572,439 $ 7,324,756 $ 6,069,631
Cost of goods sold 2,822,044 2,187,544 4,899,120 4,531,504
GROSS PROFIT 1,429,304 384,895 2,425,636 1,538,127
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES [1] 1,944,502 1,202,307 3,128,093 2,983,327
RESEARCH AND DEVELOPMENT EXPENSES [1] 128,895 201,234 263,817 384,814
LOSS FROM OPERATIONS (644,093) (1,018,646) (966,274) (1,830,014)
INTEREST EXPENSE (82,498) (24,623) (102,340) (46,107)
OTHER INCOME 5,138 1,766 5,175 8,683
LOSS BEFORE INCOME TAXES (721,453) (1,041,503) (1,063,439) (1,867,438)
INCOME TAX EXPENSE (BENEFIT) 823 0 (19,524) (238,929)
NET LOSS $ (722,276) $ (1,041,503) $ (1,043,915) $ (1,628,509)
LOSS PER COMMON SHARE        
Basic (in dollars per share) $ (0.37) $ (0.53) $ (0.53) $ (0.82)
Diluted (in dollars per share) $ (0.37) $ (0.53) $ (0.53) $ (0.82)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 1,977,959 1,976,354 1,977,368 1,976,354
Diluted (in shares) 1,977,959 1,976,354 1,977,368 1,976,354
[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.