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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17,266,785 $ 27,040,816
Accounts receivable, net 14,635,435 6,877,346
Inventories 9,878,680 8,429,882
Prepaid and other current assets 3,561,027 3,339,969
Total current assets 45,341,927 45,688,013
Non-current inventories 10,593,792 9,048,567
Property and equipment, net 409,121 442,635
Intangible assets, net 34,479,356 23,954,475
Goodwill 1,932,876 882,000
Operating lease right-of-use assets 761,177 1,024,200
Other assets 3,178,857 3,419,908
Total assets 96,697,106 84,459,798
Current liabilities:    
Accounts payable 11,447,505 9,640,980
Operating lease current liabilities 766,488 969,677
Other current liabilities 12,343,405 8,668,303
Total current liabilities 24,557,398 19,278,960
Revolving line of credit 20,000,000 15,000,000
Operating lease noncurrent liabilities 22,712 90,016
Other long-term liabilities 11,323,593 7,488,844
Total liabilities 55,903,703 41,857,820
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 48,046,764 48,452,906
Retained earnings (deficit) (7,023,853) (5,638,600)
Total shareholders’ equity 41,022,911 42,814,306
Noncontrolling interests (229,508) (212,328)
Total equity 40,793,403 42,601,978
Total liabilities and equity $ 96,697,106 $ 84,459,798