Quarterly report pursuant to sections 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue:    
Product leases and royalties $ 2,260,809 $ 1,889,430
Product sales and service 4,002 6,948
Total revenue 2,264,811 1,896,378
Costs and expenses:    
Cost of ancillary products and assembled components 19,320 27,251
Selling, general and administrative 1,206,345 957,583
Research and development 113,336 100,445
Depreciation 14,293 10,159
Amortization 389,499 397,226
Total costs and expenses 1,742,793 1,492,664
Income (loss) from operations 522,018 403,714
Other income (expense):    
Interest income 5,627 5,863
Interest expense (283,237) (257,017)
Gain on settlement      
Total other income (expense) (277,610) (251,154)
Income before provision for income taxes 244,408 152,560
Provision for income taxes (93,243) (48,763)
Net income $ 151,165 $ 103,797
Basic income per share $ 0.00 $ 0.00
Diluted income per share $ 0.00 $ 0.00
Weighted average shares outstanding, Basic 38,380,816 38,310,591
Weighted average shares outstanding, Diluted 38,409,600 38,310,591