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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement      
Revenues $ 7,425,707 $ 11,149,130 $ 20,550,682
Cost of Goods Sold 4,229,215 6,356,452 10,967,803
Gross Profit 3,196,492 4,792,678 9,582,879
Expenses      
Office and administration 2,243,413 2,074,623 2,219,711
Management compensation 720,923 670,269 1,037,586
Research 1,697,497 1,391,712 1,129,007
Marketing 353,010 365,193 288,893
Travel 64,419 52,497 197,293
Accounting and legal 271,613 312,213 321,945
Share-based expense 133,645 423,538 345,498
Consulting 325,024 265,507 386,661
Investor relations 84,000 84,000 84,000
Foreign exchange (gain) loss (78,428) (11,254) 27,698
Amortization 437,865 140,178 69,271
Bad debts 2,000 0 (20,206)
Total Expenses 6,254,981 5,768,476 6,087,357
Income (Loss) Before the Following: (3,058,489) (975,798) 3,495,522
Interest income 0 30,966 0
Gain on sale of property, plant and equipment 8,389 (0) (0)
Write-off of inventory (117,403) (114,066) (62,402)
Gain on revaluation of derivative warrant liability 658,626 (0) (0)
Unit issuance costs (77,051) 0 0
Income (Loss) Before Taxes: (2,585,928) (1,058,898) 3,433,120
Income Tax Expense      
Current 172,639 248,992 99,077
Net Income (Loss) and Comprehensive Income (Loss) for the Year $ (2,758,567) $ (1,307,890) $ 3,334,043
Basic Gain (Loss) Per Share (in dollar per share) $ (0.05) $ (0.03) $ 0.07
Diluted Gain (Loss) Per Share (in dollar per share) $ (0.05) $ (0.03) $ 0.07
Weighted Average Number of Common Shares Outstanding      
Basic (in shares) 53,082,689 47,170,086 47,170,086
Diluted (in shares) 53,082,689 47,170,086 48,186,522