XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 18,216,565 $ 27,040,816
Accounts receivable, net 13,276,009 6,877,346
Inventories 9,420,459 8,429,882
Prepaid and other current assets 2,835,465 3,339,969
Total current assets 43,748,498 45,688,013
Non-current inventories 10,374,054 9,048,567
Property and equipment, net 457,490 442,635
Intangible assets, net 32,975,117 23,954,475
Goodwill 1,932,876 882,000
Operating lease right-of-use assets 493,102 1,024,200
Other assets 2,536,500 3,419,908
Total assets 92,517,637 84,459,798
Current liabilities:    
Accounts payable 10,591,585 9,640,980
Operating lease current liabilities 512,324 969,677
Other current liabilities 13,148,060 8,668,303
Total current liabilities 24,251,969 19,278,960
Revolving line of credit 19,000,000 15,000,000
Operating lease noncurrent liabilities 0 90,016
Other long-term liabilities 10,061,376 7,488,844
Total liabilities 53,313,345 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 47,822,319 48,452,906
Retained earnings (deficit) (8,359,473) (5,638,600)
Total shareholders’ equity 39,462,846 42,814,306
Noncontrolling interests (258,554) (212,328)
Total equity 39,204,292 42,601,978
Total liabilities and equity $ 92,517,637 $ 84,459,798