XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
SALES, NET $ 33,934,081 $ 31,786,864
COST OF SALES 15,119,985 13,121,191
GROSS PROFIT 18,814,096 18,665,673
OPERATING EXPENSES:    
Sales and marketing 13,640,290 9,603,723
General and administrative 5,720,224 5,371,931
Total operating expenses 19,360,514 14,975,654
INCOME (LOSS) FROM OPERATIONS (546,418) 3,690,019
OTHER INCOME (EXPENSE)    
Interest income 5,496 12,412
Interest expense (367,745) (391,272)
Other income, net 142,529 155,183
INCOME (LOSS) BEFORE INCOME TAXES (766,138) 3,466,342
INCOME TAX (EXPENSE) BENEFIT 119,646 (1,020,879)
NET INCOME (LOSS) (646,492) 2,445,463
Preferred stock dividends (1,866,451) (1,444,283)
INCOME (LOSS) APPLICABLE TO COMMON SHAREHOLDERS $ (2,512,943) $ 1,001,180
Earnings (loss) per common share after preferred dividends, basic and diluted $ (0.51) $ 0.20
Weighted-average number of common shares outstanding, basic and diluted 4,964,529 4,964,529