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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net revenues        
Net revenues $ 823,868 $ 585,922 $ 1,585,863 $ 1,373,508
Net revenues - related parties 282,047 219,550 695,773 885,472
Total net revenues 1,105,915 805,472 2,281,636 2,258,980
Cost of net revenues        
Cost of net revenues 632,896 530,014 1,438,669 1,515,716
Royalties expense - related parties 27,718 9,652 56,138 53,905
Total cost of net revenues 660,614 539,666 1,494,807 1,569,621
Gross profit 445,301 265,806 786,829 689,359
Operating expenses        
Selling, general and administrative 193,608 145,846 531,982 483,558
Research and development costs 931 0 1,897 1,579
Total operating expenses 194,539 145,846 533,879 485,137
Income from operations 250,762 119,960 252,950 204,222
Other (income) expense, net        
Other (income) expense, net (6,494) (26,223) (4,264) (23,619)
Interest expense 9,269 10,312 27,800 35,564
Interest expense - related parties 489 4,506 693 13,519
Total other (income) expense, net 3,264 (11,405) 24,229 25,464
Net income before provision for income taxes 247,498 131,365 228,721 178,758
Provision for income tax expense 0 0 43 44
Net income $ 247,498 $ 131,365 $ 228,678 $ 178,714
Basic income per common share (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.01
Diluted income per common share (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Basic weighted average common shares outstanding (in shares) 78,368,659 33,527,392 73,003,680 18,370,110
Diluted weighted average common shares outstanding (in shares) 127,334,088 195,462,329 120,329,067 180,305,048