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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 36,440,779 $ 38,203,059
Marketable securities 14,866,218 14,564,115
Accounts receivable, net of allowances 4,822,800 6,077,120
Inventories 4,073,689 4,270,143
Other current assets 4,719,427 3,997,637
Total current assets 64,922,913 67,112,074
Property and equipment, net 558,184 536,450
Intangible assets, net 21,027,967 21,168,596
Other assets 2,696,670 3,101,839
Total assets 89,205,734 91,918,959
Current liabilities:    
Accounts payable 4,067,318 2,877,479
Other current liabilities 7,070,818 9,534,268
Total current liabilities 11,138,136 12,411,747
Revolving line of credit 1,700,000 1,700,000
Other long-term liabilities 1,048,880 987,429
Total liabilities $ 13,887,016 $ 15,099,176
Commitments and contingencies
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 16,296,778 and 16,379,501 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively $ 56,105,786 $ 57,338,294
Retained earnings 19,296,503 19,549,614
Total shareholders’ equity 75,402,289 76,887,908
Noncontrolling interests (83,571) (68,125)
Total equity 75,318,718 76,819,783
Total liabilities and equity $ 89,205,734 $ 91,918,959