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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue $ 6,036,360 $ 3,468,675
Cost of revenue 4,100,836 3,856,417
Gross profit 1,935,524 (387,742)
Operating expenses    
Research and development 113,828 164,080
Selling and shipping 165,777 277,306
General and administrative 1,547,758 1,735,974
Total operating expenses 1,827,363 2,177,360
Operating income (loss) 108,161 (2,565,102)
Other income (expense):    
Interest income 24,902 46,806
Interest expense (116,038) (114,651)
Other Income (expense) 110,809
Total other income (expense), net 19,673 (67,845)
Income (loss) before income tax 127,834 (2,632,947)
Income tax (benefit) (1,530,644) (456,000)
Net income (loss) $ 1,658,478 $ (2,176,947)
Basic income (loss) per common share (in dollars per share) $ 0.25 $ (0.33)
Diluted income (loss) per common share (in dollars per share) $ 0.25 $ (0.33)
Weighted average common shares Outstanding-basic (in shares) 6,626,036 6,539,120
Weighted average common shares Outstanding-diluted (in shares) 6,626,036 6,539,120