v3.25.2
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
NET REVENUES $ 10,194,800 $ 8,430,089 $ 19,829,875 $ 16,627,887
Cost of goods sold 3,719,031 2,950,339 7,307,771 6,044,839
Gross Profit 6,475,769 5,479,750 12,522,104 10,583,048
OPERATING EXPENSES        
Selling, general and administrative 5,384,148 5,319,688 11,343,522 10,677,308
Research and development 1,194,789 1,134,232 2,309,398 2,609,907
Depreciation and amortization 209,487 217,864 426,844 449,233
Total Operating Expenses 6,788,424 6,671,784 14,079,764 13,736,448
Net Operating Loss (312,655) (1,192,034) (1,557,660) (3,153,400)
Non-Operating Income/(Expense)        
Gain/(Loss) on currency exchange 44,193 (10,680) 49,781 (22,159)
Loss on disposal of fixed assets, net (300)
Interest income, net 78,951 213,999 152,130 251,186
TOTAL OTHER INCOME 123,144 203,319 201,911 228,727
LOSS BEFORE INCOME TAXES (189,511) (988,715) (1,355,749) (2,924,673)
Income Tax Expense (17,356) (17,356)
NET LOSS $ (206,867) $ (988,715) $ (1,373,105) $ (2,924,673)
NET LOSS PER SHARE        
Earnings Per Share, Diluted $ 0.00 $ 0.02 $ 0.03 $ 0.06
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Weighted Average Number of Shares Outstanding, Diluted 46,193,709 45,811,373 46,088,353 45,761,799

Source