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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 4,034,408 $ 3,718,884 $ 7,400,268 $ 9,755,244
Cost of revenue 3,188,746 3,117,369 6,236,026 7,218,205
Gross profit 845,662 601,515 1,164,242 2,537,039
Operating expenses        
Research and development 128,512 96,108 228,944 209,936
Selling and shipping 217,976 131,263 353,731 297,040
General and administrative 1,582,098 1,506,398 3,283,278 3,054,156
Total operating expenses 1,928,586 1,733,769 3,865,953 3,561,132
Operating loss (1,082,924) (1,132,254) (2,701,711) (1,024,093)
Other income (expense):        
Interest income 403 5,478 1,626 30,380
Interest expense (107,000) (114,484) (214,221) (230,522)
Gain on debt extinguishment 2,443,418 0 2,443,418 0
Other Income 217,592 107,880 436,827 218,688
Total other income (loss), net 2,554,413 (1,126) 2,667,650 18,546
Income (loss) before income tax 1,471,489 (1,133,380) (34,061) (1,005,547)
Income tax expense (benefit) 1,064 1,049 1,064 (1,529,596)
Net income (loss) $ 1,470,425 $ (1,134,429) $ (35,125) $ 524,049
Basic income (loss) per common share (in dollars per share) $ 0.22 $ (0.17) $ (0.01) $ 0.08
Diluted income (loss) per common share (in dollars per share) $ 0.22 $ (0.17) $ (0.01) $ 0.08
Outstanding-basic (in shares) 6,684,281 6,634,746 6,682,347 6,630,391
Outstanding-diluted (in shares) 6,687,229 6,634,746 6,682,347 6,630,391