v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 9,129,416 $ 9,148,312
Short-term investments 1,420,884 2,388,601
Accounts receivable, net 4,632,245 3,719,508
Inventories, net (note 3) 7,472,750 8,414,772
Prepaid expenses and other current assets (note 4) 1,184,717 1,678,428
Income tax receivable 1,092,282 486,154
Total Current Assets 24,932,294 25,835,775
LONG-TERM ASSETS    
Net deferred tax asset 0 0
Long-term investments 7,939,582 6,064,294
Financing right-of-use asset 19,798 50,094
Property and equipment, net 11,401,978 12,021,811
Intangible assets, net 1,604,821 1,771,870
Goodwill 2,579,381 2,579,381
Total Long-Term Assets 23,545,560 22,487,450
TOTAL ASSETS 48,477,854 48,323,225
CURRENT LIABILITIES    
Accounts payable 1,495,216 1,178,979
Accrued liabilities (note 5) 1,422,372 1,196,870
Current financing lease liability (note 6) 20,927 39,451
Total Current Liabilities 2,938,515 2,415,300
LONG-TERM LIABILITIES    
Net deferred income tax liability 572,721 522,870
Long-term financing lease liability (note 6) 0 12,669
TOTAL LIABILITIES 3,511,236 2,950,839
STOCKHOLDERS' EQUITY (note 7)    
Preferred stock: $0.001 par value, 10,000,000 shares authorized: no shares issued or outstanding 0 0
Common stock: $0.001 par value, 100,000,000 shares authorized: 51,654,386 issued and 48,242,008 outstanding at September 30, 2021, and 51,384,961 issued and 47,972,583 outstanding at December 31, 2020 51,654 51,385
Treasury stock, at cost (5,353,019) (5,353,019)
Additional paid-in capital 30,727,928 30,293,472
Accumulated other comprehensive loss (2,082,997) (2,148,924)
Retained earnings 21,623,052 22,529,472
TOTAL STOCKHOLDERS' EQUITY 44,966,618 45,372,386
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 48,477,854 $ 48,323,225

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