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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 8,118,627 $ 4,329,459 $ 18,579,447 $ 11,729,727
Cost of revenue 5,698,766 3,466,159 13,952,413 9,424,994
Gross profit 2,419,861 863,300 4,627,034 2,304,733
Operating expenses:        
Research and development 518,007 445,807 1,397,408 1,187,516
Selling 289,800 237,934 894,740 602,836
General and administrative 1,489,779 1,101,883 3,936,734 4,138,416
Total operating expenses 2,297,586 1,785,624 6,228,882 5,928,768
Operating income (loss) 122,275 (922,324) (1,601,848) (3,624,035)
Other income (expense):        
Interest income 43,050 1,776 73,979 3,402
Interest expense (159) (35,973) (5,502) (250,194)
Gain on sale of building 0 6,894,109 0 6,894,109
Gain on debt extinguishment 0 0 0 2,443,418
Foreign exchange loss (107,000) 0 (250,000) 0
Other income 5,437 63,143 11,057 499,970
Total other income, net (58,672) 6,923,055 (170,466) 9,590,705
Income (loss) before income taxes 63,603 6,000,731 (1,772,314) 5,966,670
Income tax expense 65 27,327 890 28,391
Net income (loss) $ 63,538 $ 5,973,404 $ (1,773,204) $ 5,938,279
Income (loss) per common share - basic (in dollars per share) $ 0.01 $ 0.89 $ (0.26) $ 0.89
Income (loss) per common share - diluted (in dollars per share) $ 0.01 $ 0.89 $ (0.26) $ 0.89
Basic (in shares) 6,736,764 6,685,599 6,730,263 6,683,407
Diluted (in shares) 6,740,692 6,707,883 6,730,263 6,691,813