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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 16,386,166 $ 19,757,970
Accounts receivable, net 14,529,133 13,163,681
Inventories, net 10,180,002 9,863,581
Prepaid and other current assets 2,715,498 3,084,978
Total current assets 43,810,799 45,870,210
Non-current inventories 7,534,303 7,527,167
Property and equipment, net 354,857 284,039
Intangible assets, net 29,390,195 30,590,678
Goodwill 914,000 914,000
Operating lease right-of-use assets 4,919,057 5,218,403
Other assets 2,545,424 2,520,661
Total assets 89,468,635 92,925,158
Current liabilities:    
Accounts payable 11,222,333 10,819,011
Operating lease current liabilities 158,369 172,910
Other current liabilities 14,326,712 17,587,911
Total current liabilities 25,707,414 28,579,832
Revolving line of credit 16,072,286 16,200,000
Operating lease noncurrent liabilities 4,549,150 4,586,301
Other long-term liabilities 7,091,298 7,585,019
Total liabilities 53,420,148 56,951,152
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 47,377,168 47,474,973
Retained earnings (deficit) (11,016,657) (11,208,841)
Total shareholders’ equity 36,360,511 36,266,132
Noncontrolling interests (312,024) (292,126)
Total equity 36,048,487 35,974,006
Total liabilities and equity $ 89,468,635 $ 92,925,158