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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Products sales and leasing $ 9,784,308 $ 8,753,987 $ 23,173,987 $ 17,623,720
Shipping and installation revenue 2,077,943 1,223,599 5,572,877 2,636,746
Royalties 533,750 425,831 1,344,240 1,240,641
Total revenue 12,396,001 10,403,417 30,091,104 21,501,107
Cost of goods sold 8,273,621 7,280,467 22,621,805 16,180,592
Gross profit 4,122,380 3,122,950 7,469,299 5,320,515
Operating expenses        
General and administrative expenses 966,702 808,216 2,698,129 2,429,280
Selling expenses 501,269 558,212 1,629,771 1,576,986
Total operating expenses 1,467,971 1,366,428 4,327,900 4,006,266
Gain on sale of assets 7,254 4,066 21,297 15,693
Other income 33,770 9,009 51,229 23,565
Operating income (loss) 2,695,433 1,769,597 3,213,925 1,353,507
Interest income (expense)        
Interest expense (47,946) (26,603) (111,675) (77,333)
Interest income (2,180) 19,062 28,205 20,370
Total other expense (50,126) (7,541) (83,470) (56,963)
Income before income tax expense 2,645,307 1,762,056 3,130,455 1,296,544
Income tax expense (benefit) 954,000 610,000 1,110,000 424,000
Net income (loss) $ 1,691,307 $ 1,152,056 $ 2,020,455 $ 872,544
Basic income (loss) per share (in dollars per share) $ 0.34 $ 0.24 $ 0.41 $ 0.18
Diluted income (loss) per share (in dollars per share) $ 0.34 $ 0.23 $ 0.41 $ 0.18
Weighted average number of common shares outstanding:        
Basic (in shares) 4,924,366 4,893,548 4,924,366 4,892,977
Diluted (in shares) 4,964,965 4,945,745 4,958,473 4,943,985