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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 4,743,452 $ 3,134,984 $ 12,068,208 $ 9,204,615
Cost of goods sold 3,161,362 2,261,205 8,060,482 6,792,709
GROSS PROFIT 1,582,090 873,779 4,007,726 2,411,906
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES [1] 2,274,054 979,773 5,402,147 3,963,100
RESEARCH AND DEVELOPMENT EXPENSES [1] 134,608 136,520 398,425 521,334
LOSS FROM OPERATIONS (826,572) (242,514) (1,792,846) (2,072,528)
INTEREST EXPENSE (103) (24,592) (102,443) (70,699)
OTHER INCOME 20 39 5,195 8,722
LOSS BEFORE INCOME TAXES (826,655) (267,067) (1,890,094) (2,134,505)
INCOME TAX EXPENSE (BENEFIT) 25,081 6,929 5,557 (232,000)
NET LOSS $ (851,736) $ (273,996) $ (1,895,651) $ (1,902,505)
LOSS PER COMMON SHARE        
Basic (in dollars per share) $ (0.43) $ (0.14) $ (0.96) $ (0.96)
Diluted (in dollars per share) $ (0.43) $ (0.14) $ (0.96) $ (0.96)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 1,981,138 1,976,354 1,978,638 1,976,354
Diluted (in shares) 1,981,138 1,976,354 1,978,638 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.