v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 10,475,429 $ 9,148,312
Short-term investments 2,293,992 2,388,601
Accounts receivable, net 2,772,162 3,719,508
Inventories, net (note 3) 8,104,532 8,414,772
Prepaid expenses and other current assets (note 4) 823,901 1,678,428
Income tax receivable 580,751 486,154
Total Current Assets 25,050,767 25,835,775
LONG-TERM ASSETS    
Long-term investments 6,589,247 6,064,294
Financing right-of-use asset 38,969 50,094
Property and equipment, net 11,926,464 12,021,811
Intangible assets, net 1,716,187 1,771,870
Goodwill 2,579,381 2,579,381
Total Long-Term Assets 22,850,248 22,487,450
TOTAL ASSETS 47,901,015 48,323,225
CURRENT LIABILITIES    
Accounts payable 975,755 1,178,979
Accrued liabilities (note 5) 1,361,404 1,196,870
Current financing lease liability (note 6) 36,408 39,451
Total Current Liabilities 2,373,567 2,415,300
LONG-TERM LIABILITIES    
Net deferred income tax liability 522,163 522,870
Long-term financing lease liability (note 6) 4,353 12,669
TOTAL LIABILITIES 2,900,083 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: 51,434,074 issued and 48,021,696 outstanding at March 31, 2021, and 51,384,961 issued and 47,972,583 outstanding at December 31, 2020 51,434 51,385
Treasury stock, at cost (5,353,019) (5,353,019)
Additional paid-in capital 30,391,837 30,293,472
Accumulated other comprehensive loss (2,017,292) (2,148,924)
Retained earnings 21,927,972 22,529,472
TOTAL STOCKHOLDERS' EQUITY 45,000,932 45,372,386
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 47,901,015 $ 48,323,225

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