Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue $ 13,315,752 $ 13,359,637
Cost of revenue 8,882,968 9,963,950
Gross profit 4,432,784 3,395,687
Operating expenses:    
General and administrative 2,157,619 2,514,065
Marketing and selling 1,167,901 1,189,351
Research and development 832,233 1,203,425
Total operating expenses 4,157,753 4,906,841
Income (loss) from operations 275,031 (1,511,154)
Other income (expense), net:    
Interest income 5,300 24,637
Interest expense (149,982) (68,784)
Other income (expense), net (28,629) (8,029)
Total other income (expense), net (173,311) (52,176)
Income (loss) before income taxes 101,720 (1,563,330)
Provision (benefit) for income taxes 60,522 (467,298)
Net income (loss) $ 41,198 $ (1,096,032)
Net income (loss) per share:    
Basic $ 0.00 $ (0.07)
Diluted $ 0.00 $ (0.07)
Weighted average common shares outstanding:    
Basic 17,348,164 16,332,898
Diluted 18,642,061 16,332,898