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STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Sales, net $ 94,818,938 $ 188,382,454 $ 81,862,453
Cost of sales:      
Total cost of sales 66,565,655 93,029,933 44,854,100
Gross profit 28,253,283 95,352,521 37,008,353
Operating expenses:      
Sales and marketing 4,544,052 4,477,651 4,061,904
Research and development 525,727 901,381 574,527
General and administrative 24,036,480 17,378,301 8,301,169
Total operating expenses 29,106,259 22,757,333 12,937,600
Income (loss) from operations (852,976) 72,595,188 24,070,753
Gain on forgiveness of PPP loan   1,377,652  
Other income - TIA 3,832,747 425,158  
Unrealized gain on debt and equity securities 2,343,359 513,529 1,870,010
Interest and other income 9,948 266,467 392,748
Interest expense (170,651) (227,183) (260,264)
Income before income taxes 5,162,427 74,950,811 26,073,247
Provision for income taxes 83,870 18,886,570 1,850,234
Net income 5,078,557 56,064,241 24,223,013
Preferred Stock dividend requirements (232,444) (241,703) (573,868)
Deemed contribution on extinguishment of preferred stock     2,975,708
Net income applicable to common shareholders $ 4,846,113 $ 55,822,538 $ 26,624,853
Basic earnings per share $ 0.15 $ 1.65 $ 0.80
Diluted earnings per share $ 0.15 $ 1.63 $ 0.80
Weighted average common shares outstanding:      
Basic (in shares) 32,896,348 33,870,819 33,169,307
Diluted (in shares) 32,961,945 34,244,699 33,300,654
Costs of manufactured product      
Cost of sales:      
Total cost of sales $ 60,628,548 $ 81,711,840 $ 39,377,794
Royalty expense to shareholder      
Cost of sales:      
Total cost of sales $ 5,937,107 $ 11,318,093 $ 5,476,306