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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 11,111,309 $ 5,274,305
Accounts receivable, net 2,228,545 3,852,651
Inventory, net 10,121,500 10,739,798
Prepaid expenses and other assets 922,035 701,105
Assets related to discontinued operations 750 83,000
Total current assets 24,384,139 20,650,859
Long-term assets:    
Inventory, net 15,961,283 21,588,622
Property and equipment, net 1,317,659 1,615,683
Intangible assets, net 5,564 71,086
Other assets 165,016 214,588
Total long-term assets 17,449,522 23,489,979
TOTAL ASSETS 41,833,661 44,140,838
Current liabilities:    
Accounts payable 3,062,700 3,323,148
Accrued cooperative advertising 0 58,000
Accrued expenses and other liabilities 770,258 891,187
Liabilities related to discontinued operations 183,000 349,000
Total current liabilities 4,015,958 4,621,335
Long-term liabilities:    
Accrued expenses and other liabilities 655,867 710,223
Accrued income taxes 427,246 420,503
Total long-term liabilities 1,083,113 1,130,726
Total liabilities 5,099,071 5,752,061
Commitments and contingencies
Shareholders' equity:    
Common stock, no par value; 50,000,000 shares authorized; 21,507,235 and 21,111,585 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 54,243,816 54,240,247
Additional paid-in capital 13,918,550 13,280,920
Accumulated deficit (31,427,776) (29,132,390)
Total shareholders' equity 36,734,590 38,388,777
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 41,833,661 $ 44,140,838