v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 6,879,467 $ 8,188,270
Short-term investments 454,046 1,013,683
Accounts receivable, net 8,137,354 6,262,799
Inventories, net (note 3) 7,744,924 7,185,248
Prepaid expenses and other current assets (note 4) 1,066,799 1,025,276
Income tax receivable 121,407 560,445
Total Current Assets 24,403,997 24,235,721
LONG-TERM ASSETS    
Net deferred tax asset 165,797 163,254
Long-term investments 7,852,860 8,259,809
Financing right-of-use asset 52,862 65,280
Property and equipment, net 11,165,706 11,185,539
Intangible assets, net 1,493,455 1,549,138
Goodwill 2,579,381 2,579,381
Total Long-Term Assets 23,310,061 23,802,401
TOTAL ASSETS 47,714,058 48,038,122
CURRENT LIABILITIES    
Accounts payable 1,505,193 1,822,559
Accrued liabilities (note 5) 1,694,926 1,872,348
Current financing lease liability (note 6) 22,096 30,214
Total Current Liabilities 3,222,215 3,725,121
LONG-TERM LIABILITIES    
Net deferred income tax liability 183,136 136,106
Long-term financing lease liability (note 6) 31,401 35,912
TOTAL LIABILITIES 3,436,752 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: 51,860,036 issued and 47,273,496 outstanding at March 31, 2022, and 51,720,142 issued and 47,643,233 outstanding at December 31, 2021 51,860 51,720
Treasury stock, at cost (6,729,856) (6,107,593)
Additional paid-in capital 31,079,446 30,819,394
Accumulated other comprehensive loss (2,229,234) (2,100,467)
Retained earnings 22,105,090 21,477,929
TOTAL STOCKHOLDERS' EQUITY 44,277,306 44,140,983
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 47,714,058 $ 48,038,122

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