XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Sales, net $ 50,073,725 $ 11,202,217
Cost of sales    
Total cost of sales 22,078,938 7,671,783
Gross profit 27,994,787 3,530,434
Operating expenses:    
Sales and marketing 931,231 1,135,980
Research and development 149,283 138,537
General and administrative 3,493,236 1,775,204
Total operating expenses 4,573,750 3,049,721
Income from operations 23,421,037 480,713
Interest and other income (loss) 1,194,779 (141,417)
Interest expense (65,095) (33,849)
Income before income taxes 24,550,721 305,447
Provision (benefit) for income taxes 6,594,837 (17,326)
Net income 17,955,884 322,773
Preferred Stock dividend requirements (64,938) (174,143)
Income applicable to common shareholders $ 17,890,946 $ 148,630
Basic earnings per share $ 0.53 $ 0.00
Diluted earnings per share $ 0.52 $ 0.00
Weighted average common shares outstanding:    
Basic (in shares) 33,967,771 32,681,204
Diluted (in shares) 34,378,683 32,745,972
Costs of manufactured product    
Cost of sales    
Total cost of sales $ 19,157,341 $ 6,802,675
Royalty expense to shareholder    
Cost of sales    
Total cost of sales $ 2,921,597 $ 869,108