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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 5,274,305 $ 4,007,341
Accounts receivable, net 3,852,651 5,510,253
Inventory, net 10,739,798 13,320,639
Prepaid expenses and other assets 784,105 602,850
Total current assets 20,650,859 23,441,083
Long-term assets:    
Inventory, net 21,588,622 25,617,990
Property and equipment, net 1,615,683 1,859,355
Intangible assets, net 71,086 216,947
Other assets 214,588 291,022
Total long-term assets 23,489,979 27,985,314
TOTAL ASSETS 44,140,838 51,426,397
Current liabilities:    
Accounts payable 3,463,148 3,286,086
Accrued cooperative advertising 58,000 220,000
Accrued expenses and other liabilities 1,100,187 684,577
Total current liabilities 4,621,335 4,190,663
Long-term liabilities:    
Accrued expenses and other liabilities 710,223 809,879
Accrued income taxes 420,503 407,682
Total long-term liabilities 1,130,726 1,217,561
Total liabilities $ 5,752,061 $ 5,408,224
Commitments and contingencies
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 21,111,585 and 20,382,333 shares issued and outstanding at December 31, 2015 and 2014, respectively $ 54,240,247 $ 53,949,001
Additional paid-in capital - stock-based compensation 13,280,920 11,628,503
Accumulated deficit (29,132,390) (19,559,331)
Total shareholders' equity 38,388,777 46,018,173
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 44,140,838 $ 51,426,397