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Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Licenses, royalties and fees $ 151,500 $ 136,900 $ 327,000 $ 410,100
Product and other sales 516,900 438,200 1,198,700 1,356,300
Total revenues 668,400 575,100 1,525,700 1,766,400
Cost of revenues        
Licenses, royalties and fees 59,300 62,700 162,000 171,200
Product and other sales 228,800 247,300 587,500 648,300
Total cost of revenues 288,100 310,000 749,500 819,500
Gross profit 380,300 265,100 776,200 946,900
Operating expenses        
Research and development 43,600 39,800 127,100 119,900
Sales and marketing 91,600 71,200 236,500 218,600
General and administrative 727,400 833,800 3,196,900 1,258,300
Total operating expenses 862,600 944,800 3,560,500 1,596,800
Net loss from operations (482,300) (679,700) (2,784,300) (649,900)
Other income (expenses)        
    Other income 84,000 84,000
Interest income 153,000 69,800 432,900 192,300
Interest expense and bank charges (5,800) (4,000) (17,300) (9,000)
Total other income (expenses) 231,200 65,800 499,600 183,300
Net loss before income taxes (251,100) (613,900) (2,284,700) (466,600)
Income taxes benefit 0 (160,600) 0 (122,700)
Net loss $ (251,100) $ (453,300) $ (2,284,700) $ (343,900)
Net loss per common share        
Basic $ (0.02) $ (0.05) $ (0.22) $ (0.04)
Diluted $ (0.02) $ (0.05) $ (0.22) $ (0.04)
Weighted average common shares outstanding        
Basic 10,508,488 9,667,845 10,503,615 9,390,067
Diluted 10,508,488 9,667,845 10,503,615 9,390,067