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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 4,016,563 $ 4,641,483 $ 8,014,440 $ 14,923,327
Cost of Goods Sold 3,695,853 4,147,020 7,579,115 11,789,788
Gross Profit 320,710 494,463 435,325 3,133,539
Operating Expenses:        
Selling expenses 1,202,586 605,947 2,212,084 1,282,747
General and administrative expenses 1,247,132 1,509,772 2,721,802 3,059,530
Research and development expenses 434,629 316,559 872,236 627,513
Total Operating Expense 2,884,347 2,432,278 5,806,122 4,969,790
Loss from Operations (2,563,637) (1,937,815) (5,370,797) (1,836,251)
Other Income (Expense)        
Interest and other income 0 247 0 4,737
Interest expense (215,598) (36,047) (256,017) (61,538)
Amortization discount on Convertible Note (251,804) 0 (251,804) 0
Fair value adjustment of warrants 0 (236,900) 0 (236,900)
Gain (Loss) on currency transactions (83,696) (368,561) 287,988 (160,934)
Gain on sale of fixed assets 1,134 0 1,134 0
Total Other Income (Expense) (549,964) (641,261) (218,699) (454,635)
Loss Before Income Taxes (3,113,601) (2,579,076) (5,589,496) (2,290,886)
Income Tax Benefit (15,493) (15,265) (31,959) (30,574)
Net Loss $ (3,098,108) $ (2,563,811) $ (5,557,537) $ (2,260,312)
Basic and Diluted Loss Per Share (in dollars per share) $ (0.14) $ (0.12) $ (0.26) $ (0.11)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares) 21,769,461 20,963,186 21,723,578 20,758,855