Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF OPERATIONS (UNAUDITED)

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STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
NET REVENUES $ 8,197,798 $ 7,392,605
Cost of goods sold 3,094,500 3,245,570
Gross Profit 5,103,298 4,147,035
OPERATING EXPENSES    
Selling, general and administrative 5,357,620 5,425,877
Research and development 1,475,674 1,564,869
Depreciation and amortization 231,370 213,117
Total Operating Expenses 7,064,664 7,203,863
Net Operating Loss (1,961,366) (3,056,828)
Non-Operating Income/(Expense)    
Loss on currency exchange (11,479) (680)
Loss on disposal of fixed assets, net (300) (56,279)
Interest income, net 37,187 125,502
TOTAL OTHER INCOME 25,408 68,543
LOSS BEFORE INCOME TAXES (1,935,958) (2,988,285)
Income Tax Benefit 577,400
NET LOSS $ (1,935,958) $ (2,410,885)
NET LOSS PER SHARE    
Basic $ (0.04) $ (0.05)
Diluted $ (0.04) $ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING    
Basic 45,712,224 45,487,593
Diluted 45,712,224 45,487,593