Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 11,487,778 $ 10,101,932
Short-term investments 726,782 961,256
Short-term investments - other 2,400,000 3,596,484
Accounts receivable, net 6,395,332 6,885,296
Inventories, net 9,071,479 9,659,571
Prepaid expenses & other current assets 512,292 473,726
Income tax receivable 473,093 173,124
Total Current Assets 31,066,756 31,851,389
LONG-TERM ASSETS    
Net deferred tax asset 0 85,092
Long-term investments 8,433,185 7,978,380
Financing right-of-use asset 149,484 0
Property and equipment, net 9,108,234 8,020,462
Intangibles and goodwill 997,701 997,701
Intangible assets, net 1,699,312 429,956
Total Long-Term Assets 20,387,916 17,511,591
TOTAL ASSETS 51,454,672 49,362,980
CURRENT LIABILITIES    
Accounts payable 1,415,824 1,177,985
Accrued vacation 373,995 311,435
Accrued liabilities 1,679,279 1,445,510
Current financing lease liability 76,559 0
Income taxes payable 199,792 1,172,191
Total Current Liabilities 3,745,449 4,107,121
LONG-TERM LIABILITIES    
Net deferred income tax liability 120,222 0
Long-term financing lease liability 76,382 0
TOTAL LIABILITIES 3,942,053 4,107,121
STOCKHOLDERS' EQUITY    
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued or outstanding 0 0
Common shares: $0.001 par value, 100,000,000 shares authorized: 50,016,979 issued and 47,466,192 outstanding at June 30, 2019, and 49,707,805 issued and 47,932,305 outstanding at December 31, 2018 50,017 49,708
Treasury stock, at cost (3,943,063) (2,609,485)
Additional paid-in capital 28,593,552 28,027,742
Accumulated other comprehensive loss (2,525,586) (2,895,683)
Retained earnings 25,337,699 22,683,577
TOTAL STOCKHOLDERS' EQUITY 47,512,619 45,255,859
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 51,454,672 $ 49,362,980