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Condensed Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Product sales $ 8,039,951 $ 5,506,122 $ 25,583,359 $ 20,018,175
Costs of goods sold 4,484,891 3,143,024 14,933,633 11,483,181
Gross profit 3,555,060 2,363,098 10,649,726 8,534,994
Administrative expenses 1,289,291 729,421 3,698,877 2,072,682
Sales and marketing expenses 1,131,228 919,291 3,474,718 2,472,035
Product development expenses 176,771 [1] 694,311 614,111 2,283,016
Other operating income 0 0 (2,000,000) [2] 0
Operating expenses (income), net 2,597,290 2,343,023 5,787,706 6,827,733
NET OPERATING INCOME (LOSS) 957,770 20,075 4,862,020 1,707,261
Other (expenses) income, net (22,495) (155,367) (92,010) 110,118
INCOME (LOSS) BEFORE INCOME TAXES 935,275 (135,292) 4,770,010 1,817,379
Income tax (benefit) expense (17,235) 4,456 41,237 8,264
NET INCOME (LOSS) $ 952,510 $ (139,748) $ 4,728,773 $ 1,809,115
Basic weighted average common shares outstanding (in shares) 9,084,358 9,045,851 9,065,181 9,019,484
Basic net income (loss) per share (in dollars per share) $ 0.1 $ (0.02) $ 0.52 $ 0.2
Diluted weighted average common shares outstanding (in shares) 9,297,507 9,045,851 9,188,856 9,019,484
Diluted net income (loss) per share (in dollars per share) $ 0.1 $ (0.02) $ 0.51 $ 0.2
[1] Includes a $0.1 million reversal of an annual regulatory sponsor fee that we were no longer required to obtain as a result of the decision to cease focus on Re-Tain®.
[2] Includes a $2.0 million settlement with a former contract manufacturer that compensated the Company for operating costs incurred in product development and contract performance related to the development of the Company’s Re-Tain® product. See Note 9 for additional discussion.