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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 22,973,803 $ 88,607,234
Marketable investment securities 58,289,066 1,255,266
Accounts receivable, net 3,453,723 20,839,182
Inventory 5,310,473 2,004,169
Income taxes receivable 1,870,419
Prepaid expenses and other current assets 761,186 2,338,444
Note receivable 75,000 75,000
Total current assets 92,733,670 115,119,295
Property and equipment, net 2,539,483 1,933,216
Operating lease right-of-use asset 372,115
Goodwill 14,706,818
Intangible assets, net 26,768,333 27,195,000
Investment in joint venture 672,679 1,004,953
Note receivable 75,000
Total assets 123,086,280 160,034,282
Current liabilities    
Accounts payable 952,297 607,506
Accrued expenses, current 934,447 3,859,652
Operating lease liability, current 297,209
Contingent consideration liabilities, current 1,689,471 5,767,304
Income taxes payable 2,213,088
Deferred revenue 150,000
Total current liabilities 3,873,424 12,597,550
Long-term liabilities    
Income taxes payable 1,181,284 1,067,853
Deferred tax liability 2,417,987 7,228,444
Operating lease liability 50,708
Contingent consideration liabilities 1,042,885 4,665,337
Total long-term liabilities 4,692,864 12,961,634
Total liabilities 8,566,288 25,559,184
Stockholders’ equity    
Convertible preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively
Common stock, $0.001 par value; 100,000,000 shares authorized; 34,754,265 shares issued and 30,872,607 shares outstanding as of December 31, 2022 and 33,819,862 shares issued and outstanding as of December 31, 2021 34,754 33,820
Treasury stock, at cost; 3,881,658 and 0 shares held as of December 31, 2022 and December 31, 2021, respectively (14,211,866)
Additional paid-in capital 88,472,934 80,271,999
Accumulated other comprehensive income 293,140
Accumulated earnings 39,931,030 54,169,279
Total stockholders’ equity 114,519,992 134,475,098
Total liabilities and stockholders’ equity $ 123,086,280 $ 160,034,282