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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 34,974,242 $ 34,510,330
Marketable securities 15,478,547 15,622,111
Accounts receivable, net of allowances 4,934,779 7,330,127
Inventories, net 5,646,904 5,371,729
Other current assets 2,507,876 2,710,967
Total current assets 63,542,348 65,545,264
Property and equipment, net 538,358 464,454
Intangible assets, net 22,079,180 22,154,176
Deferred tax assets, net 3,537,483 3,119,930
Other assets 2,164,236 2,120,742
Total assets 91,861,605 93,404,566
Current liabilities:    
Accounts payable 7,269,644 8,036,611
Other current liabilities 6,801,185 6,755,652
Total current liabilities 14,070,829 14,792,263
Revolving line of credit 4,100,000 4,100,000
Other long-term liabilities 1,478,623 1,391,484
Total liabilities 19,649,452 20,283,747
Commitments and contingencies
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 16,065,301 and 16,074,176 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 53,945,247 54,643,268
Retained earnings 18,413,409 18,604,931
Total shareholders’ equity 72,358,656 73,248,199
Noncontrolling interests (146,503) (127,380)
Total equity 72,212,153 73,120,819
Total liabilities and equity $ 91,861,605 $ 93,404,566