XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CONDENSED STATEMENTS OF OPERATIONS    
NET SALES $ 4,071,478 $ 3,628,992
COST OF GOODS SOLD 2,709,059 2,538,764
GROSS PROFIT 1,362,419 1,090,228
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,348,983 1,510,614
RESEARCH AND DEVELOPMENT EXPENSES 154,076 165,770
LOSS FROM OPERATIONS (140,640) (586,156)
INTEREST EXPENSE (19,935) (20,817)
OTHER 9,421 5,153
LOSS BEFORE INCOME TAXES (151,154) (601,820)
INCOME TAX BENEFIT (20,416) (222,923)
NET LOSS $ (130,738) $ (378,897)
LOSS PER COMMON SHARE:    
Basic (in dollars per share) $ (0.07) $ (0.19)
Diluted (in dollars per share) $ (0.07) $ (0.19)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in shares) 1,983,553 2,018,753
Diluted (in shares) 1,983,553 2,018,753