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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 27,040,816 $ 24,753,796
Accounts receivable, net of allowances 6,877,346 12,377,713
Inventories, net 8,429,882 10,638,157
Prepaid and other current assets 3,339,969 2,199,926
Total current assets 45,688,013 49,969,592
Non-current inventories 9,048,567 11,656,742
Property and equipment, net 442,635 574,169
Intangible assets, net 23,954,475 28,118,316
Goodwill 882,000 882,000
Operating lease right-of-use assets 1,024,200 2,028,148
Other assets 3,419,908 3,234,338
Total assets 84,459,798 96,463,305
Current liabilities:    
Accounts payable 9,640,980 13,396,286
Operating lease current liabilities 969,677 1,016,779
Other current liabilities 8,668,303 11,254,381
Total current liabilities 19,278,960 25,667,446
Revolving line of credit 15,000,000 15,000,000
Operating Lease, Liability, Noncurrent 90,016 1,059,693
Other long-term liabilities 7,488,844 7,862,772
Total liabilities 41,857,820 49,589,911
Commitments and contingencies
Shareholders’ equity:    
Common stock – no par value; 100,000,000 shares authorized; 14,742,754 and 14,988,429 shares issued and outstanding as of December 31, 2021 and 2020, respectively 48,452,906 49,121,523
Retained earnings (5,638,600) (2,131,013)
Total shareholders’ equity 42,814,306 46,990,510
Noncontrolling interests (212,328) (117,116)
Total equity 42,601,978 46,873,394
Total liabilities and equity $ 84,459,798 $ 96,463,305