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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue $ 10,831,729 $ 4,883,511 $ 31,312,055 $ 13,630,726
Cost of revenue 6,229,062 3,192,345 18,127,799 9,912,207
Gross profit 4,602,667 1,691,166 13,184,256 3,718,519
Operating expenses        
Research and development 158,310 150,257 339,610 304,591
Selling and shipping 345,406 261,006 983,731 805,681
General and administrative 2,208,628 1,675,163 6,423,016 5,145,343
Gain on settlement     (628,905)
Total operating expenses 2,712,344 2,086,426 7,746,357 5,626,710
Operating income/(loss) 1,890,323 (395,260) 5,437,899 (1,908,191)
Other income (expense)        
Interest income 28,485 7,054 54,538 20,582
Interest expense (17,189) (19,153) (52,433) (61,608)
Other income 2,575 118,645 3,014 123,093
Total other income 13,871 106,546 5,119 82,067
Income/(loss) before income taxes 1,904,194 (288,714) 5,443,018 (1,826,124)
Income tax expense/(benefit) 508,316 (203,310) 1,766,231 (907,372)
Net income/(loss) $ 1,395,878 $ (85,404) $ 3,676,787 $ (918,752)
Basic income/(loss) per common share (in dollars per share) $ 0.22 $ (0.01) $ 0.58 $ (0.15)
Diluted income/(loss) per common share (in dollars per share) $ 0.22 $ (0.01) $ 0.58 $ (0.15)
Weighted average common shares Outstanding-basic (in shares) 6,378,656 6,323,039 6,314,224 6,269,102
Stock options (in shares) 34,410   33,748  
Weighted average common shares Outstanding-diluted (in shares) 6,413,066 6,323,039 6,347,972 6,269,102