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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net Sales $ 32,637,484 $ 12,232,088
Cost of Goods Sold 25,475,170 11,165,944
Gross Profit 7,162,314 1,066,144
Operating Expenses:    
Selling expenses 2,426,971 1,703,327
General and administrative expenses 4,378,444 3,187,311
Research and development expenses 749,249 661,014
Total Operating Expenses 7,554,664 5,551,652
Loss from Operations (392,350) (4,485,508)
Other Income (Expense)    
Interest and other income 73,635 28,401
Interest expense (203,603) (71,781)
Gain on currency transactions 285,742 344,023
Gain (loss) on sale of fixed assets (21,060) 4,907
Total Other Income (Expense) 134,714 305,550
(Loss) Before Income Taxes (257,636) (4,179,958)
Income Tax Benefit (297,252) (365,430)
Net Income (Loss) $ 39,616 $ (3,814,528)
Basic Income (Loss) Per Share (in dollars per share) $ 0 $ (0.24)
Diluted Income (Loss) Per Share (in dollars per share) $ 0 $ (0.24)
Basic Weighted Average Common Shares Outstanding (in shares) 19,652,277 15,960,909
Diluted Weighted Average Common Shares Outstanding (in shares) 19,667,752 15,960,909