v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues, net:        
Product $ 2,399,473 $ 2,979,834 $ 9,148,599 $ 8,289,596
Recurring 1,138,453 1,077,586 3,282,802 3,097,844
Total Net Revenue 3,537,926 4,057,420 12,431,401 11,387,440
Cost of Sales:        
Product 1,336,107 1,513,727 4,948,089 4,286,144
Recurring 279,296 253,394 789,865 727,665
Total Cost of Sales 1,615,403 1,767,121 5,737,954 5,013,809
Gross Profit 1,922,523 2,290,299 6,693,447 6,373,631
Operating Expenses:        
Research and development 429,622 373,710 1,321,007 1,128,596
Selling, general and administrative 1,747,927 1,512,080 5,908,634 4,785,045
Depreciation and amortization 68,802 67,494 206,063 205,515
Total Operating Expenses 2,246,351 1,953,284 7,435,704 6,119,156
Income (Loss) from Operations (323,828) 337,015 (742,257) 254,475
Other Income (Expenses):        
Interest income (expense), net (15,482) (16,283) (45,308) (50,786)
Total Other Income (Expense) (15,482) (16,283) (45,308) (50,786)
Income (Loss) Before Provision for Income Taxes (339,310) 320,732 (787,565) 203,689
Provision for Income Taxes 53,887 51,312 157,136 154,836
Net Income (Loss) (393,197) 269,420 (944,701) 48,853
Accretion of preferred dividends and discount 0 0 0 (18,253)
Net Income (Loss) attributable to common stockholders $ (393,197) $ 269,420 $ (944,701) $ 30,600
Net income (loss) per common share:        
Net income (loss) attributable to common stockholders per common share - basic $ (0.00) $ 0.00 $ (0.01) $ 0.00
Net income (loss) attributable to common stockholders per common share - diluted $ 0.00 $ 0.00 $ (0.01) $ 0.00
Weighted Average Common Shares Outstanding - basic 132,314,049 126,411,243 130,399,390 125,499,195
Weighted Average Common Shares Outstanding - diluted 132,314,049 128,929,552 130,399,390 125,539,532

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