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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 35,837,240 $ 38,203,059
Marketable securities 14,565,154 14,564,115
Accounts receivable, net of allowances 4,550,945 6,077,120
Inventories 4,921,681 4,270,143
Other current assets 4,117,059 3,997,637
Total current assets 63,992,079 67,112,074
Property and equipment, net 505,667 536,450
Intangible assets, net 20,881,286 21,168,596
Other assets 2,509,898 3,101,839
Total assets 87,888,930 91,918,959
Current liabilities:    
Accounts payable 3,667,440 2,877,479
Other current liabilities 5,227,831 9,534,268
Total current liabilities 8,895,271 12,411,747
Revolving line of credit 3,500,000 1,700,000
Other long-term liabilities 1,119,201 987,429
Total liabilities 13,514,472 15,099,176
Commitments and contingencies
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 16,236,348 and 16,379,501 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 55,222,464 57,338,294
Retained earnings 19,248,459 19,549,614
Total shareholders’ equity 74,470,923 76,887,908
Noncontrolling interests (96,465) (68,125)
Total equity 74,374,458 76,819,783
Total liabilities and equity $ 87,888,930 $ 91,918,959