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Electronic Systems Technology, Inc. Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Details        
SALES - NET $ 457,003 $ 245,497 $ 881,779 $ 519,464
Cost of sales (213,197) (132,395) (393,734) (281,625)
GROSS PROFIT 243,806 113,102 488,045 237,839
Operating Expenses        
General and administrative 66,452 69,957 159,955 165,670
Research and development 54,249 50,213 106,949 105,110
Marketing and sales 127,419 86,295 221,634 174,191
Total Operating Expense 248,120 206,465 488,538 444,971
Operating Income (Loss) (4,314) (93,363) (493) (207,132)
Other income        
Grant income (NOTE 8) 0 9,000 0 9,000
Gain on forgiveness of CARES Act loan 150,118 0 150,118 0
Interest income 566 2,488 1,427 5,951
TOTAL OTHER INCOME 150,684 11,488 151,545 14,951
NET INCOME (LOSS) BEFORE INCOME TAX 146,370 (81,875) 151,052 (192,181)
Benefit (provision) for income tax 0 0 0 0
Net Income (Loss) $ 146,370 $ (81,875) $ 151,052 $ (192,181)
Basic and diluted earnings per share $ 0.03 $ (0.02) $ 0.03 $ (0.04)
Basic and diluted weighted average shares used in computing income (loss) per share: 4,946,502 4,946,502 4,946,502 4,946,502