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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Sales, net $ 7,474,993 $ 7,646,117 $ 15,147,794 $ 14,569,797
Cost of sales        
Total cost of sales 5,406,974 5,437,049 10,220,179 10,035,806
Gross profit 2,068,019 2,209,068 4,927,615 4,533,991
Operating expenses        
Sales and marketing 1,052,475 1,223,842 2,217,936 2,251,553
Research and development 141,465 157,395 285,692 305,844
General and administrative 1,812,764 2,133,040 3,519,645 4,433,907
Total operating expenses 3,006,704 3,514,277 6,023,273 6,991,304
Loss from operations (938,685) (1,305,209) (1,095,658) (2,457,313)
Interest and other income 34,692 14,173 62,843 24,678
Interest expense (43,573) (58,028) (93,965) (106,091)
Loss before income taxes (947,566) (1,349,064) (1,126,780) (2,538,726)
Provision for income taxes 140 282 210 565
Net (loss) (947,706) (1,349,346) (1,126,990) (2,539,291)
Preferred stock dividend requirements (176,249) (176,249) (352,498) (352,498)
Loss applicable to common shareholders $ (1,123,955) $ (1,525,595) $ (1,479,488) $ (2,891,789)
Basic loss per share (in dollars per share) $ (0.03) $ (0.05) $ (0.05) $ (0.09)
Diluted loss per share (in dollars per share) $ (0.03) $ (0.05) $ (0.05) $ (0.09)
Weighted average common shares outstanding:        
Basic (in shares) 32,666,454 31,666,454 32,666,454 31,499,787
Diluted (in shares) 32,666,454 31,666,454 32,666,454 31,499,787
Cost of manufactured product        
Cost of sales        
Total cost of sales $ 4,727,686 $ 4,801,495 $ 8,908,696 $ 8,812,408
Royalty expense to shareholder        
Cost of sales        
Total cost of sales $ 679,288 $ 635,554 $ 1,311,483 $ 1,223,398