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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current    
Cash and cash equivalents $ 7,857,936 $ 6,912,138
Accounts receivable (see Note 4) 4,422,745 2,105,471
Inventories (see Note 5) 8,727,709 4,686,852
Prepaid expenses 200,306 255,080
Total current assets 21,208,696 13,959,541
Property, equipment and leaseholds, net (see Note 6) 2,563,261 1,938,509
Patents (see Note 7) 63,014 79,452
Intangible assets (Note 8) 3,128,000
Long term deposits (see Note 9) 30,777 18,531
Investments (Note 10) 776,357 13,414
Goodwill (Note 8) 2,534,275
Deferred tax asset (Note 14) 891,735 1,763,923
Total Assets 31,196,115 17,773,370
Current    
Accounts payable and accrued liabilities 1,050,673 939,116
Deferred revenue 127,168 208,608
Income taxes payable 1,357,299 1,101,596
Short term line of credit (Note 11) 2,798,131 250,000
Current portion of long term debt (Note 12) 771,359 201,193
Total current liabilities 6,104,630 2,700,513
Convertible note payable (Note 13) 1,000,000
Deferred income tax liability (Note 14) 989,569
Long term debt (Note 12) 3,580,384 150,896
Total liabilities 11,674,583 2,851,409
Stockholders' Equity    
Capital stock (see Note 17) Authorized 50,000,000 common shares with a par value of $0.001 each 1,000,000 preferred shares with a par value of $0.01 each Issued and outstanding: 11,699,657 (2017: 11,597,991) common shares 11,700 11,598
Capital in excess of par value 15,328,285 15,114,835
Other comprehensive loss (1,222,573) (656,093)
Accumulated earnings 2,941,889 451,621
Total stockholders' equity - controlling interest 17,059,301 14,921,961
Non controlling interests (Note 18) 2,462,231
Total Stockholders' Equity 19,521,532 14,921,961
Total Liabilities and Stockholders' Equity 31,196,115 17,773,370
Commitments and Subsequent events (See Notes 20 and 21)