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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 24,922,925 $ 24,753,796
Accounts receivable, net 12,549,297 12,377,713
Inventories 10,010,763 10,638,157
Prepaid and other current assets 1,900,032 2,199,926
Total current assets 49,383,017 49,969,592
Non-current inventories 10,415,786 11,656,742
Property and equipment, net 534,933 574,169
Intangible assets, net 27,024,544 28,118,316
Goodwill 882,000 882,000
Operating lease right-of-use assets 1,784,142 2,028,148
Other assets 3,323,603 3,234,338
Total assets 93,348,025 96,463,305
Current liabilities:    
Accounts payable 10,466,281 13,396,286
Operating lease current liabilities 1,042,074 1,016,779
Other current liabilities 11,339,215 11,254,381
Total current liabilities 22,847,570 25,667,446
Revolving line of credit 15,000,000 15,000,000
Operating lease noncurrent liabilities 789,200 1,059,693
Other long-term liabilities 7,833,328 7,862,772
Total liabilities 46,470,098 49,589,911
Commitments and contingencies
Shareholders’ equity:    
Common stock—no par value; 100,000,000 shares authorized; 15,555,865 and 15,723,075 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 48,981,395 49,121,523
Retained earnings (deficit) (1,964,185) (2,131,013)
Total shareholders’ equity 47,017,210 46,990,510
Noncontrolling interests (139,283) (117,116)
Total equity 46,877,927 46,873,394
Total liabilities and equity $ 93,348,025 $ 96,463,305