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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 25,670,462 $ 24,753,796
Accounts receivable, net 9,147,493 12,377,713
Inventories 10,104,219 10,638,157
Prepaid and other current assets 1,758,332 2,199,926
Total current assets 46,680,506 49,969,592
Non-current inventories 9,880,766 11,656,742
Property and equipment, net 493,256 574,169
Intangible assets, net 25,888,622 28,118,316
Goodwill 882,000 882,000
Operating lease right-of-use assets 1,535,556 2,028,148
Other assets 3,490,768 3,234,338
Total assets 88,851,474 96,463,305
Current liabilities:    
Accounts payable 8,962,916 13,396,286
Operating lease current liabilities 1,067,880 1,016,779
Other current liabilities 8,615,995 11,254,381
Total current liabilities 18,646,791 25,667,446
Revolving line of credit 14,000,000 15,000,000
Operating lease noncurrent liabilities 512,324 1,059,693
Other long-term liabilities 7,883,952 7,862,772
Total liabilities 41,043,067 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 48,688,384 49,121,523
Retained earnings (deficit) (735,625) (2,131,013)
Total shareholders’ equity 47,952,759 46,990,510
Noncontrolling interests (144,352) (117,116)
Total equity 47,808,407 46,873,394
Total liabilities and equity $ 88,851,474 $ 96,463,305