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CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Sales, net $ 7,599,363 $ 11,001,102
Cost of sales:    
Total cost of sales 5,698,434 8,131,574
Gross profit 1,900,929 2,869,528
Operating expenses:    
Sales and marketing 1,434,742 1,350,171
Research and development 142,262 129,757
General and administrative 3,310,062 4,130,023
Total operating expenses 4,887,066 5,609,951
Loss from operations (2,986,137) (2,740,423)
Other income - TIA 1,484,620 1,557,779
Unrealized gain on debt and equity securities 1,732,649 1,492,011
Gain on sale of equity securities   746,262
Interest and other income 317,321 209,815
Interest expense (33,483) (43,555)
Income before income taxes 514,970 1,221,889
Provision for income taxes 85,586 230,917
Net income 429,384 990,972
Preferred Stock dividend requirements (57,611) (58,111)
Net income applicable to common shareholders $ 371,773 $ 932,861
Basic earnings per share $ 0.01 $ 0.03
Diluted earnings per share $ 0.01 $ 0.03
Weighted average common shares outstanding:    
Basic (in shares) 29,937,159 29,937,159
Diluted (in shares) 29,945,353 29,963,763
Costs of manufactured product    
Cost of sales:    
Total cost of sales $ 5,049,046 $ 7,361,865
Royalty expense to shareholder    
Cost of sales:    
Total cost of sales $ 649,388 $ 769,709