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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Product sales $ 5,177,854 $ 2,557,765 $ 8,992,736 $ 4,923,966
Cost of product sales 1,536,779 956,839 2,900,608 1,885,241
Gross profit 3,641,075 1,600,926 6,092,128 3,038,725
Operating expenses        
Research and development 324,612 318,607 671,066 605,358
Sales and marketing 641,168 546,455 1,252,670 1,058,399
General and administrative 1,390,524 1,077,067 2,743,901 2,180,210
Total operating expenses 2,356,304 1,942,129 4,667,637 3,843,967
Operating income (loss) 1,284,771 (341,203) 1,424,491 (805,242)
Other income (expenses), net        
Interest income 32,537 76 40,955 124
Interest expense (1,332) (104,582) (2,232) (187,915)
Amortization of debt discount (62,398) (155,996)
Loss from equity-method investment in SAVSU (176,798) (260,105) (320,554) (489,473)
Total other income (expenses), net (145,593) (427,009) (281,831) (833,260)
Net income (loss) before provision for income taxes 1,139,178 (768,212) 1,142,660 (1,638,502)
Income taxes
Net income (loss) after provision for income taxes 1,139,178 (768,212) 1,142,660 (1,638,502)
Less: Preferred stock dividends (93,258) (199,508)
Net income (loss) attributable to common stockholders $ 1,045,920 $ (768,212) $ 943,152 $ (1,638,502)
Basic net income (loss) per common share (in dollars per share) $ 0.07 $ (0.06) $ 0.06 $ (0.13)
Diluted net income (loss) per common share (in dollars per share) $ 0.05 $ (0.06) $ 0.05 $ (0.13)
Basic shares used to compute earnings per share (in shares) 15,180,169 13,100,820 14,642,378 13,033,106
Diluted shares used to compute earnings per share (in shares) 20,374,358 13,100,820 19,063,595 13,033,106