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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 4,641,483 $ 9,297,186 $ 14,923,327 $ 16,718,384
Cost of Goods Sold 4,147,020 7,222,076 11,789,788 13,168,194
Gross Profit 494,463 2,075,110 3,133,539 3,550,190
Operating Expenses:        
Selling expenses 605,947 514,037 1,282,747 997,623
General and administrative expenses 1,509,772 1,001,179 3,059,530 1,808,427
Research and development expenses 316,559 199,184 627,513 402,356
Total Operating Expense 2,432,278 1,714,400 4,969,790 3,208,406
Income (Loss) from Operations (1,937,815) 360,710 (1,836,251) 341,784
Other Income (Expense)        
Interest and other income 247 18,173 4,737 25,450
Interest expense (36,047) (3,760) (61,538) (6,025)
Fair value adjustment of warrants (236,900) 0 (236,900) 0
Gain (Loss) on currency transactions (368,561) (206,718) (160,934) (158,560)
Gain (Loss) on sale of fixed assets 0 (21,619) 0 (21,619)
Total Other Income (Expense) (641,261) (213,924) (454,635) (160,754)
Income (Loss) Before Income Taxes (2,579,076) 146,786 (2,290,886) 181,030
Income Tax Provision (Benefit) (15,265) 0 (30,574) 0
Net Income (Loss) $ (2,563,811) $ 146,786 $ (2,260,312) $ 181,030
Basic Income (Loss) Per Share (in dollars per share) $ (0.12) $ 0.01 $ (0.11) $ 0.01
Diluted Income (Loss) Per Share (in dollars per share) $ (0.12) $ 0.01 $ (0.11) $ 0.01
Basic Weighted Average Common Shares Outstanding (in shares) 20,963,186 19,211,771 20,758,855 18,742,029
Diluted Weighted Average Common Shares Outstanding (in shares) 20,963,186 19,228,160 20,758,855 18,758,108