v3.20.1
Condensed Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Total revenue $ 4,494,318 $ 5,346,751
Revenue From Contract With Customer Product And Service Extensible List glxz:ProductLeaseRoyaltiesAndOtherMember glxz:ProductLeaseRoyaltiesAndOtherMember
Costs and expenses:    
Cost of ancillary products and assembled components $ 21,812 $ 82,391
Selling, general and administrative 2,992,052 3,540,870
Research and development 155,653 299,180
Depreciation and amortization 469,805 482,064
Share-based compensation 157,596 223,604
Total costs and expenses 3,796,918 4,628,109
Income from operations 697,400 718,642
Other income (expense):    
Interest income 21,774 715
Interest expense (363,153) (168,013)
Foreign currency exchange (loss) gain (127,291) 36,476
Change in estimated fair value of interest rate swap liability (76,163) (26,142)
Total other expense (544,833) (156,964)
Income before provision for income taxes 152,567 561,678
Provision for income taxes (35,962) (101,014)
Net income $ 116,605 $ 460,664
Net income per share:    
Basic $ 0.01 $ 0.01
Diluted $ 0.01 $ 0.01
Weighted-average shares outstanding:    
Basic 18,022,761 40,370,338
Diluted 19,239,294 42,242,557

Source