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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 25,843,231 $ 24,753,796
Accounts receivable, net 9,850,530 12,377,713
Inventories 10,262,769 10,638,157
Prepaid and other current assets 1,259,098 2,199,926
Total current assets 47,215,628 49,969,592
Non-current inventories 9,476,737 11,656,742
Property and equipment, net 493,488 574,169
Intangible assets, net 24,918,830 28,118,316
Goodwill 882,000 882,000
Operating lease right-of-use assets 1,282,275 2,028,148
Other assets 3,301,816 3,234,338
Total assets 87,570,774 96,463,305
Current liabilities:    
Accounts payable 9,233,383 13,396,286
Operating lease current liabilities 1,094,187 1,016,779
Other current liabilities 7,617,913 11,254,381
Total current liabilities 17,945,483 25,667,446
Revolving line of credit 15,000,000 15,000,000
Operating lease noncurrent liabilities 229,605 1,059,693
Other long-term liabilities 7,749,421 7,862,772
Total liabilities 40,924,509 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 48,612,935 49,121,523
Retained earnings (deficit) (1,790,903) (2,131,013)
Total shareholders’ equity 46,822,032 46,990,510
Noncontrolling interests (175,767) (117,116)
Total equity 46,646,265 46,873,394
Total liabilities and equity $ 87,570,774 $ 96,463,305