Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 45,412,868	$ 34,510,330
Marketable securities	4,672,476	15,622,111
Accounts receivable, net of allowances	8,395,112	7,330,127
Inventories, net	6,737,848	5,371,729
Prepaid and other current assets	3,466,541	2,710,967
Total current assets	68,684,845	65,545,264
Property and equipment, net	528,882	464,454
Intangible assets, net	21,444,545	22,154,176
Deferred tax assets, net	87,210	3,119,930
Other assets	2,486,830	2,120,742
Total assets	93,232,312	93,404,566
Current liabilities:
Accounts payable	8,979,929	8,036,611
Other current liabilities	8,714,814	6,755,652
Total current liabilities	17,694,743	14,792,263
Revolving line of credit	9,800,000	4,100,000
Other long-term liabilities	1,815,968	1,391,484
Total liabilities	29,310,711	20,283,747
Commitments and contingencies
Shareholders’ equity:
Common stock – no par value; 100,000,000 shares authorized; 15,723,075 and 16,074,176 shares issued and outstanding as of December 31, 2017 and 2016, respectively	52,410,941	54,643,268
Retained earnings	11,709,222	18,604,931
Total shareholders’ equity	64,120,163	73,248,199
Noncontrolling interests	(198,562)	(127,380)
Total equity	63,921,601	73,120,819
Total liabilities and equity	$ 93,232,312	$ 93,404,566

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.