Fully diluted, yes. But RIGHT NOW...shareholders have 100% of the float and the OS. There can't be any dilution w/o first raising the AS which the OS is maxed out against.
Raising the AS shouldn't really even be a consideration or an option.
Current float/OS market cap is $810,000. Plenty left to run into.
Profitable with sales of ~$1.8M. High growth stock. Company could easily support a market cap of $4-5 million, maybe higher, in my opinion. For starters.
That's a potential 4-5 bagger from here...