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Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Licenses, royalties and fees $ 89,000 $ 150,200 $ 175,500 $ 273,200
Product and other sales 370,000 449,000 681,800 918,100
Total revenues 459,000 599,200 857,300 1,191,300
Cost of revenues        
Licenses, royalties and fees 51,000 49,800 102,700 108,500
Product and other sales 177,700 179,200 358,700 401,000
Total cost of revenues 228,700 229,000 461,400 509,500
Gross profit 230,300 370,200 395,900 681,800
Operating expenses        
Research and development 42,100 35,300 83,500 80,100
Sales and marketing 75,900 61,100 144,900 147,400
General and administrative 1,254,700 223,300 2,469,500 424,500
Total operating expenses 1,372,700 319,700 2,697,900 652,000
Net income (loss) from operations (1,142,400) 50,500 (2,302,000) 29,800
Other income (expenses)        
Interest income 142,800 60,400 279,900 122,500
Interest expense and bank charges (5,800) (4,400) (11,500) (5,000)
Total other income (expenses) 137,000 56,000 268,400 117,500
Net income (loss) before income taxes (1,005,400) 106,500 (2,033,600) 147,300
Income taxes 27,400 37,900
Net income (loss) $ (1,005,400) $ 79,100 $ (2,033,600) $ 109,400
Net income (loss) per common share        
Basic $ (0.10) $ 0.01 $ (0.19) $ 0.01
Diluted $ (0.10) $ 0.01 $ (0.19) $ 0.01
Weighted average common shares outstanding        
Basic 10,501,178 9,251,178 10,501,178 9,251,178
Diluted 10,501,178 9,251,178 10,501,178 9,251,178