XML 36 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2018
Summary of Significant Accounting Policies [Abstract]  
Schedule of financial assets measured at fair value on nonrecurring basis
  As of March 31, 2018 
  Level 1  Level 2  Level 3  Total 
Assets:            
Cash and money market accounts $3,060,470  $-  $   -  $3,060,470 
Interest rate swaps  -   57,628   -   57,628 
Total $3,060,470  $57,628  $-  $3,118,098 

 

  As of December 31, 2017 
  Level 1  Level 2  Level 3  Total 
Assets:            
Cash and money market accounts $3,798,811  $-  $    -  $3,798,811 
Liabilities:                
Interest rate swaps  -   (996)  -   (996)
Total $3,798,811  $(996) $-  $3,797,815 
Schedule of sales to significant customers

  

  For the Three-Month
Periods Ended March 31,
 
  2018  2017 
Animal Health International, Inc.  34%  40%
MWI Animal Health  24%  26%
ANIMART LLC  11%  * 

 

*Amount is less than 10%.

Schedule of accounts receivable due from significant customers
  

As of

March 31,
2018

  

As of

December 31,
2017

 
MWI Animal Health  25%  29%
Animal Health International, Inc.  20%  40%
Robert J. Matthews Company  15%  * 
ANIMART LLC  14%  * 

 

*Amount is less than 10%.

Schedule of weighted average and diluted number of shares outstanding

  

  For the Three-Month
Periods Ended March 31,
 
  2018  2017 
Weighted average number of shares outstanding  5,477,921   4,847,557 
Effect of dilutive stock options  -   92,736 
Diluted number of shares outstanding  5,477,921   4,940,293 
Outstanding stock options not included in the calculation because the effect would be anti-dilutive  477,000   184,000