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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 38,316,291 $ 39,866,037
Marketable securities 14,438,830 14,841,418
Accounts receivable, net of allowances 5,798,393 5,504,728
Inventories 4,206,039 5,600,319
Other current assets 4,962,835 5,002,469
Total current assets 67,722,388 70,814,971
Property and equipment, net 541,771 651,030
Intangible assets, net 21,222,380 21,568,541
Other assets 2,572,698 2,370,572
Total assets 92,059,237 95,405,114
Current liabilities:    
Accounts payable 4,126,687 3,242,713
Other current liabilities 7,747,800 10,506,769
Total current liabilities 11,874,487 13,749,482
Revolving line of credit 1,700,000 0
Other long-term liabilities 940,719 902,841
Total liabilities $ 14,515,206 $ 14,652,323
Commitments and contingencies
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 16,496,217 and 17,118,993 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively $ 58,191,138 $ 61,942,410
Retained earnings 19,398,555 18,818,263
Total shareholders’ equity 77,589,693 80,760,673
Noncontrolling interests (45,662) (7,882)
Total equity 77,544,031 80,752,791
Total liabilities and equity $ 92,059,237 $ 95,405,114