CONDENSED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Sales, net | $ 7,200,623 | $ 10,445,733 | $ 14,378,020 | $ 18,740,906 |
| Cost of sales: | ||||
| Total cost of sales | 7,009,771 | 10,552,823 | 15,025,576 | 18,849,907 |
| Gross profit (loss) | 190,852 | (107,090) | (647,556) | (109,001) |
| Operating expenses: | ||||
| Sales and marketing | 1,534,739 | 1,661,743 | 3,268,809 | 3,263,551 |
| Research and development | 187,291 | 160,049 | 357,707 | 351,241 |
| General and administrative | 3,614,724 | 3,201,955 | 7,039,748 | 6,083,798 |
| Total operating expenses | 5,336,754 | 5,023,747 | 10,666,264 | 9,698,590 |
| Loss from operations | (5,145,902) | (5,130,837) | (11,313,820) | (9,807,591) |
| Other income - TIA | 1,468,734 | 1,471,235 | 2,946,464 | 2,954,054 |
| Unrealized gain (loss) on debt and equity securities | (179,147) | 1,555,676 | 13,022 | (5,600,837) |
| Gain on trading debt and equity securities | 6,366,467 | 6,366,467 | ||
| Litigation proceeds | 1,900,000 | 1,900,000 | ||
| Interest and other income | 341,164 | 140,526 | 636,288 | 299,472 |
| Interest expense | (18,705) | (22,257) | (39,143) | (45,710) |
| Net income (loss) before income taxes | 2,832,611 | (85,657) | (1,390,722) | (10,300,612) |
| Provision for income taxes | 1,837 | 1,814 | 3,674 | 287,575 |
| Net income (loss) | 2,830,774 | (87,471) | (1,394,396) | (10,588,187) |
| Preferred Stock dividend requirements | (57,611) | (57,611) | (115,222) | (115,222) |
| Net income (loss) applicable to common shareholders | $ 2,773,163 | $ (145,082) | $ (1,509,618) | $ (10,703,409) |
| Basic earnings (loss) per share | $ 0.09 | $ 0 | $ (0.05) | $ (0.36) |
| Diluted earnings (loss) per share | $ 0.09 | $ 0 | $ (0.05) | $ (0.36) |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 29,937,159 | 29,937,159 | 29,937,159 | 29,937,159 |
| Diluted (in shares) | 29,937,159 | 29,937,159 | 29,937,159 | 29,937,159 |
| Cost of manufactured product | ||||
| Cost of sales: | ||||
| Total cost of sales | $ 6,351,053 | $ 9,721,614 | $ 13,709,862 | $ 17,312,277 |
| Royalty expense to shareholder | ||||
| Cost of sales: | ||||
| Total cost of sales | $ 658,718 | $ 831,209 | $ 1,315,714 | $ 1,537,630 |
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- Definition The amount of interest income (expense) and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of other income received from technology investment agreement. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of realized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of unrealized gain (loss) on investment in debt and equity securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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