v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 5,639,865 $ 8,188,270
Short-term investments 867,658 1,013,683
Accounts receivable, net 8,933,905 6,262,799
Inventories, net (note 3) 10,205,207 7,185,248
Prepaid expenses and other current assets (note 4) 2,642,512 1,025,276
Income tax receivable 0 560,445
Total Current Assets 28,289,147 24,235,721
LONG-TERM ASSETS    
Net deferred tax asset 185,772 163,254
Long-term investments 7,944,181 8,259,809
Financing right-of-use asset 132,760 65,280
Property and equipment, net 10,374,126 11,185,539
Intangible assets, net 1,312,660 1,549,138
Goodwill 2,579,381 2,579,381
Total Long-Term Assets 22,528,880 23,802,401
TOTAL ASSETS 50,818,027 48,038,122
CURRENT LIABILITIES    
Accounts payable 2,008,126 1,822,559
Accrued liabilities (note 5) 3,157,221 1,872,348
Current financing lease liability (note 6) 53,084 30,214
Income taxes payable 570,430 0
Total Current Liabilities 5,788,861 3,725,121
LONG-TERM LIABILITIES    
Net deferred income tax liability 480,105 136,106
Long-term financing lease liability (note 6) 80,684 35,912
TOTAL LIABILITIES 6,349,650 3,897,139
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: 52,078,283 issued and 47,040,153 outstanding at September 30, 2022, and 51,720,142 issued and 47,643,233 outstanding at December 31, 2021 52,079 51,720
Treasury stock, at cost (7,336,323) (6,107,593)
Additional paid-in capital 31,570,226 30,819,394
Accumulated other comprehensive loss (3,418,272) (2,100,467)
Retained earnings 23,600,667 21,477,929
TOTAL STOCKHOLDERS' EQUITY 44,468,377 44,140,983
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 50,818,027 $ 48,038,122

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