Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 11,445,799 $ 7,679,621
Accounts receivable, net 8,069,255 5,633,802
Inventories, net 6,446,083 7,839,503
Income tax receivable 0 180,981
Short term investments 300,817 2,965,536
Investments - other 4,009,810 2,993,825
Prepaid expenses & other current assets 437,304 410,558
Total Current Assets 30,709,068 27,703,826
LONG-TERM ASSETS    
Long term investments - other 0 892,590
Long term investments 8,517,182 5,504,997
Property and equipment, net 7,197,499 7,458,723
Deferred tax asset, net 72,817 60,940
Goodwill 997,701 997,701
Intangible assets, net 494,792 490,082
Total Long-Term Assets 17,279,991 15,405,033
TOTAL ASSETS 47,989,059 43,108,859
CURRENT LIABILITIES    
Accounts payable 1,780,977 1,220,478
Income taxes payable 919,728 61,543
Accrued vacation 196,646 154,307
Accrued liabilities 1,044,284 284,214
Total Current Liabilities 3,941,635 1,720,542
TOTAL LIABILITIES 3,941,635 1,720,542
STOCKHOLDERS' EQUITY    
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued and outstanding 0 0
Common shares: $0.001 par value, 100,000,000 shares authorized: 53,931,167 issued and 48,606,425 outstanding at December 31, 2017 and 53,582,250 issued and 50,705,933 outstanding at December 31, 2016 53,931 53,582
Treasury stock, at cost (6,890,349) (3,582,805)
Additional paid-in capital 27,535,469 26,628,983
Accumulated other comprehensive loss (2,200,462) (2,810,743)
Retained earnings 25,548,835 21,099,300
Total Stockholders' Equity 44,047,424 41,388,317
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 47,989,059 $ 43,108,859