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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Significant Accounting Policies [Abstract]

Schedule of financial assets measured at fair value on nonrecurring basis

		As of June 30, 2018
		Level 1				Level 2				Level 3				Total
Assets:
Cash and money market accounts		$	2,514,519			$	-			$	-			$	2,514,519
Interest rate swaps		$	-			$	79,283			$	-			$	79,283

		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	)

Schedule of sales to significant customers

		For the Three-Month Periods Ended June 30,								For the Six-Month Periods Ended June 30,
		2018				2017				2018				2017
Animal Health International, Inc.			44	%			42	%			40	%			41	%
MWI Animal Health			20	%			19	%			22	%			24	%
ANIMART LLC			11	%			*				11	%			*

* Amount is less than 10%.

Schedule of accounts receivable due from significant customers

		As of June 30, 2018				As of December 31, 2017
Animal Health International, Inc.			50	%			40	%
MWI Animal Health			19	%			29	%
ANIMART LLC			11	%			*

* Amount is less than 10%.

Schedule of weighted average and diluted number of shares outstanding

		For the Three-Month Periods Ended June 30,								For the Six-Month Periods Ended June 30,
		2018				2017				2018				2017
Weighted average number of shares outstanding			5,481,417				4,848,390				5,479,679				4,847,976
Effect of dilutive stock options			-				-				-				95,327
Diluted number of shares outstanding			5,481,417				4,848,390				5,479,679				4,943,303
Outstanding stock options not included in the calculation because the effect would be anti-dilutive			480,000				368,000				480,000				120,000

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- Definition

Tabular disclosure of accounts receivable due from significant customers that amounted to 10% or more of total trade accounts receivable as of the balance sheet date.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

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