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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 42,018,953 $ 34,510,330
Marketable securities 8,055,017 15,622,111
Accounts receivable, net of allowances 7,205,378 7,330,127
Inventories, net 5,857,468 5,371,729
Other current assets 2,945,999 2,710,967
Total current assets 66,082,815 65,545,264
Property and equipment, net 474,748 464,454
Intangible assets, net 21,540,316 22,154,176
Deferred tax assets, net 0 3,119,930
Other assets 2,253,178 2,120,742
Total assets 90,351,057 93,404,566
Current liabilities:    
Accounts payable 7,921,600 8,036,611
Other current liabilities 7,876,491 6,755,652
Total current liabilities 15,798,091 14,792,263
Revolving line of credit 8,000,000 4,100,000
Other long-term liabilities 1,634,936 1,391,484
Total liabilities 25,433,027 20,283,747
Commitments and contingencies
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 15,781,736 and 16,074,176 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 52,585,566 54,643,268
Retained earnings 12,509,767 18,604,931
Total shareholders’ equity 65,095,333 73,248,199
Noncontrolling interests (177,303) (127,380)
Total equity 64,918,030 73,120,819
Total liabilities and equity $ 90,351,057 $ 93,404,566