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STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
STATEMENTS OF INCOME        
Revenue $ 5,816,838 $ 5,211,169 $ 17,648,275 $ 10,205,528
Revenue, Product and Service [Extensible Enumeration] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of revenue $ 4,645,255 $ 3,908,801 $ 14,104,923 $ 7,537,570
Cost, Product and Service [Extensible Enumeration] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Gross profit $ 1,171,583 $ 1,302,368 $ 3,543,352 $ 2,667,958
General and administrative expense 374,193 306,997 1,170,782 878,586
Research and development expense 93,081 56,612 272,197 149,208
Marketing and sales expense 94,594 61,732 284,922 159,559
Income from operations 609,715 877,027 1,815,451 1,480,605
Gain on extinguishment of debt       (325,300)
Interest (income) expense (363) 8,156 11,899 24,808
Income before provision for income taxes 610,078 868,871 1,803,552 1,781,097
Income tax expense 167,375 200,189 311,575 338,282
Net income 442,703 668,682 1,491,977 1,442,815
Dividends on preferred stock   6,038   18,114
INCOME APPLICABLE TO COMMON STOCK $ 442,703 $ 662,644 $ 1,491,977 $ 1,424,701
Income per common share        
Basic (In dollars per share) $ 0.10 $ 0.15 $ 0.33 $ 0.32
Diluted (In dollars per share) $ 0.10 $ 0.15 $ 0.33 $ 0.32
Weighted average shares outstanding        
Basic (In shares) 4,516,518 4,500,256 4,513,785 4,492,736
Diluted (In shares) 4,544,651 4,531,523 4,541,590 4,521,746