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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
REVENUE        
Sales $ 109,181 $ 193,074 $ 171,990 $ 468,032
Royalty and license fees 12,500 12,500 25,000 25,000
Revenue 121,681 205,574 196,990 493,032
COST OF GOODS SOLD 45,030 126,745 82,890 268,219
GROSS MARGIN 76,651 78,829 114,100 224,813
OPERATING EXPENSES        
Research and development, net of government grant proceeds of $29,886, $18,824, $60,966 and $57,334, respectively 26,329 33,931 39,846 74,226
Selling, general and administrative 1,023,687 260,839 1,285,074 516,744
TOTAL OPERATING EXPENSES 1,050,016 294,770 1,324,920 590,970
LOSS FROM OPERATIONS (973,365) (215,941) (1,210,820) (366,157)
OTHER INCOME (EXPENSE)        
Interest expense (159,956) (234,494) (360,808) (588,490)
Change in fair value of derivative liabilities 60,311 1,911,951 2,241,678 585,198
Gain on extinguishment of debt 1,148,554 0 1,148,554 0
TOTAL OTHER INCOME (EXPENSE), NET 1,048,909 1,677,457 3,029,424 (3,292)
NET INCOME (LOSS) $ 75,544 $ 1,461,516 $ 1,818,604 $ (369,449)
NET INCOME (LOSS) PER COMMON SHARE, BASIC $ 0.02 $ 5.26 $ 1.29 $ (1.33)
NET LOSS PER COMMON SHARE, DILUTED $ (0.13) $ (0.02) $ (0.17) $ (1.33)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC 3,691,248 278,128 1,994,429 278,128
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, DILUTED 8,330,809 16,964,471 7,825,922 278,128