Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income (loss)	$ (40,418)	$ (2,392,189)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	1,076,246	692,991
Deferred tax expense	43,605	0
Share-based compensation	364,434	339,209
(Decrease) increase in non-cash contingent consideration	(269,422)	0
Noncash interest expense	10,497	18,303
Noncash investment gains	(44,191)	(43,338)
Net changes in assets and liabilities affecting operating activities:
Accounts receivable	(2,129,746)	2,093,950
Inventories	819,110	76,323
Other current assets and other assets	134,578	600,884
Accounts payable and other current liabilities	3,499	(1,254,535)
Other long-term liabilities	(353,925)	103,991
Net cash provided by (used in) operating activities	(385,733)	235,589
Cash flows from investing activities:
Additions to property and equipment	(27,474)	(94,881)
Purchases of marketable securities	(7,816,191)	(15,151,948)
Proceeds from sale of marketable securities	6,483,988	4,257,657
Additions to intangible assets	(363,711)	(532,954)
Net cash used in investing activities	(1,723,388)	(11,522,126)
Cash flows from financing activities:
Borrowings on line of credit	19,000,000	12,000,000
Repayments on line of credit	(19,000,000)	(9,800,000)
Proceeds from sales of common stock, net of offering costs	0	200,909
Payments of deferred offering costs	0	(248,108)
Cash payment of contingent consideration	(507,505)	0
Repurchase of common shares	(712,919)	(1,016,156)
Net cash provided by (used in) financing activities	(1,220,424)	1,136,645
Net increase (decrease) in cash and cash equivalents	(3,329,545)	(10,149,892)
Cash and cash equivalents at beginning of period	27,938,960	45,412,868
Cash and cash equivalents at end of period	24,609,415	35,262,976
Recognition of operating lease assets and liabilities through adoption of ASC 842	$ 3,629,320	$ 0

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-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585

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