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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income (loss) $ (2,125,857) $ 752,142
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 252,471 274,339
Amortization of right-of-use assets 268,155 0
Stock based compensation 432,044 226,160
Provision for (recovery of) accounts receivable allowances 8,549 5,651
Provision for inventory reserves 19,983 (120,420)
Changes in operating assets and liabilities:    
Accounts receivable (1,996,450) (2,176,171)
Inventories 1,565,903 (978,071)
Prepaid expenses and other assets 533,486 (102,005)
Operating lease liabilities (293,489) 0
Accounts payable and accrued expenses 494,221 123,722
Net cash provided by (used in) operating activities (839,984) (1,994,653)
Investing activities:    
Cost of other assets (135,000) (23,560)
Purchases of plant and equipment (120,715) (207,181)
Net cash provided by (used in) investing activities (255,715) (230,741)
Financing activities:    
Net proceeds from (payments to) bank credit lines (1,741,272) 1,859,590
Net proceeds from private placement offering 4,942,609 0
Proceeds from stock option exercises 48,200 374,758
Net cash provided by (used in) financing activities 3,249,537 2,234,348
Net change in cash 2,153,838 8,954
Cash and cash equivalents at beginning of period 125,982 229,218
Cash and cash equivalents at end of period 2,279,820 238,172
Supplemental disclosures of cash flow information:    
Cash paid during the period for: Interest 48,405 44,763
Cash paid during the period for: Income taxes $ 24,319 $ 21,493