v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)    
Product revenue $ 2,676,984 $ 3,084,088
License revenue 525,000 140,625
Other revenue 19,027 17,053
Revenues 3,221,011 3,241,766
Cost of sales (1,986,665) (2,113,482)
Gross profit 1,234,346 1,128,284
Operating expenses:    
Research and development expenses (406,676) 0
Selling, general and administrative expenses (related party of $112,500 and $142,676) (2,170,623) (3,526,776)
Total operating expenses (2,577,299) (3,526,776)
Operating loss (1,342,953) (2,398,492)
Other income (expense)    
Interest expense (related party of $0 and $245,817) (54) (245,817)
Loss on change in fair value of profit share and unsecured note (353,351) (265,198)
Interest income 31,273 54,632
Total other expense (322,132) (456,383)
Loss before provision for income taxes (1,665,085) (2,854,875)
Income tax expense (14,135) 0
Net loss $ (1,679,220) $ (2,854,875)
Net loss per common share - basic and diluted: $ (0.02) $ (0.03)
Weighted average common shares outstanding: 96,219,820 94,361,944

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