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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 4,329,459 $ 3,993,204 $ 11,729,727 $ 13,748,448
Cost of revenue 3,595,244 3,557,413 9,831,270 10,775,618
Gross profit 734,215 435,791 1,898,457 2,972,830
Operating expenses        
Research and development 138,064 90,227 367,008 300,162
Selling and shipping 220,745 142,306 574,476 439,346
General and administrative 1,297,730 1,595,911 4,581,008 4,650,067
Total operating expenses 1,656,539 1,828,444 5,522,492 5,389,575
Operating loss (922,324) (1,392,653) (3,624,035) (2,416,745)
Other income (expense):        
Interest income 1,776 30,348 3,402 60,728
Interest expense (35,973) (104,041) (250,194) (336,107)
Gain on Sale of Building 6,894,109 0 6,894,109 0
Gain on Debt Extinguishment 0 0 2,443,418 0
Other Income 63,143 174,705 499,970 394,938
Total other income, net 6,923,055 101,012 9,590,705 119,559
Income (loss) before income tax 6,000,731 (1,291,641) 5,966,670 (2,297,186)
Income tax expense (benefit) 27,327 0 28,391 (1,529,595)
Net income (loss) $ 5,973,404 $ (1,291,641) $ 5,938,279 $ (767,591)
Basic income (loss) per common share (in dollars per share) $ 0.89 $ (0.19) $ 0.89 $ (0.12)
Diluted income (loss) per common share (in dollars per share) $ 0.89 $ (0.19) $ 0.89 $ (0.12)
Outstanding-basic (in shares) 6,685,599 6,640,228 6,683,407 6,633,694
Outstanding-diluted (in shares) 6,707,883 6,640,228 6,691,813 6,633,694