v3.20.1
Condensed Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue:    
Total revenue $ 21,300,996 $ 18,560,668
Revenue from Contract with Customer, Product and Service [Extensible List] glxz:ProductLeasesRoyaltiesAndOtherMember glxz:ProductLeasesRoyaltiesAndOtherMember
Costs and expenses:    
Cost of ancillary products and assembled components $ 230,462 $ 142,776
Selling, general and administrative 13,295,475 10,961,123
Research and development 821,127 926,474
Depreciation and amortization 1,953,560 1,839,594
Share-based compensation 927,696 776,354
Total costs and expenses 17,228,320 14,646,321
Income from operations 4,072,676 3,914,347
Other income (expense):    
Interest expense (1,189,976) (999,642)
Foreign currency exchange (loss) gain 46,375 (56,080)
Change in estimated fair value of interest rate swap liability (44,315) (96,181)
Loss on extinguishment of debt   (1,349,271)
Interest income 68,634 1,504
Total other expense (1,119,282) (2,499,670)
Income before provision for income taxes 2,953,394 1,414,677
Provision for income taxes (10,018) (196,798)
Net income $ 2,943,376 $ 1,217,879
Net income per share:    
Basic $ 0.12 $ 0.03
Diluted $ 0.11 $ 0.03
Weighted-average shares outstanding:    
Basic 25,521,232 39,824,772
Diluted 27,144,397 41,202,480

Source