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Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net product revenue $ 1,563,000 $ 2,300,000 $ 5,139,000 $ 6,642,000
Cost of products sold 645,000 1,073,000 2,222,000 3,122,000
Gross profit 918,000 1,227,000 2,917,000 3,520,000
Selling, general and administrative expenses 530,000 536,000 1,703,000 1,624,000
Operating income 388,000 691,000 1,214,000 1,896,000
Interest income, net 72,000 14,000 139,000 22,000
Other income, net 13,000 (96,000) 494,000 (489,000)
Income before income taxes 473,000 609,000 1,847,000 1,429,000
Income tax provision (62,000) (125,000) (143,000) 1,710,000
Net income 411,000 484,000 1,704,000 3,139,000
Other comprehensive income:        
Foreign currency translation adjustment 5,000 20,000 3,000 15,000
Comprehensive income $ 416,000 $ 504,000 $ 1,707,000 $ 3,154,000
Net income per share: Basic (in Dollars per share) $ 0.07 $ 0.08 $ 0.28 $ 0.53
Diluted (in Dollars per share) $ 0.07 $ 0.08 $ 0.28 $ 0.53
Weighted average shares outstanding: Basic (in Shares) 6,007,847 5,996,180 6,000,069 5,936,180
Diluted (in Shares) 6,035,847 6,026,180 6,025,069 5,972,180
Cash dividends declared per common share (in Dollars per share) $ 0.05 $ 0.045 $ 0.15 $ 0.235