v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 11,456,878 $ 10,101,932
Short-term investments 806,941 961,256
Short-term investments - other 3,063,843 3,596,484
Accounts receivable, net 6,444,792 6,885,296
Inventories, net 9,062,616 9,659,571
Prepaid expenses & other current assets 719,296 473,726
Income tax receivable 284,805 173,124
Total Current Assets 31,839,171 31,851,389
LONG-TERM ASSETS    
Net deferred tax asset 0 85,092
Long-term investments 8,099,852 7,978,380
Financing right-of-use asset 116,128 0
Property and equipment, net 8,276,796 8,020,462
Goodwill 997,701 997,701
Intangible assets, net 430,776 429,956
Total Long-Term Assets 17,921,253 17,511,591
TOTAL ASSETS 49,760,424 49,362,980
CURRENT LIABILITIES    
Accounts payable 1,067,595 1,177,985
Accrued vacation 373,995 311,435
Accrued liabilities 1,003,913 1,445,510
Current financing lease liability 65,098 0
Income taxes payable 1,046,858 1,172,191
Total Current Liabilities 3,557,459 4,107,121
LONG-TERM LIABILITIES    
Net deferred income tax liability 38,672 0
Long-term financing lease liability 51,674 0
TOTAL LIABILITIES 3,647,805 4,107,121
STOCKHOLDERS' EQUITY    
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued or outstanding 0 0
Common shares: $0.001 par value, 100,000,000 shares authorized: 49,859,011 issued and 47,308,224 outstanding at March 31, 2019, and 49,707,805 issued and 47,932,305 outstanding at December 31, 2018 49,859 49,708
Treasury stock, at cost (3,943,063) (2,609,485)
Additional paid-in capital 28,331,144 28,027,742
Accumulated other comprehensive loss (2,677,516) (2,895,683)
Retained earnings 24,352,195 22,683,577
TOTAL STOCKHOLDERS' EQUITY 46,112,619 45,255,859
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 49,760,424 $ 49,362,980

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