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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current    
Cash and cash equivalents $ 3,634,670 $ 7,857,936
Accounts receivable (see Note 5) 4,470,215 4,422,745
Inventories (see Note 6) 9,182,786 8,727,709
Prepaid expenses 218,638 200,306
Total current assets 17,506,309 21,208,696
Property, equipment and leaseholds, net (see Note 7) 4,005,676 2,563,261
Patents (see Note 8) 46,576 63,014
Right of use assets (Note 4) 789,205
Intangible assets (Note 9) 2,952,000 3,128,000
Long term deposits (see Note 10) 30,630 30,777
Investments (Note 11) 1,915,585 776,357
Goodwill (Note 9) 2,534,275 2,534,275
Restricted cash (Note 11e) 1,000,000
Deferred tax asset (Note 15) 1,600,161 891,735
Total Assets 32,380,417 31,196,115
Current    
Accounts payable 636,260 860,798
Accrued liabilities 181,234 189,875
Deferred revenue 213,221 127,168
Income taxes payable 1,770,105 1,357,299
Short term line of credit (Note 12) 2,389,982 2,798,131
Current portion of lease liability 405,670
Current portion of long term debt (Note 13) 1,196,722 771,359
Total current liabilities 6,793,194 6,104,630
Lease liability 383,535
Convertible note payable(Note 14) 500,000 1,000,000
Deferred income tax liability (Note 15) 1,058,641 989,569
Long term debt (Note 13) 3,183,671 3,580,384
Total liabilities 11,919,041 11,674,583
Stockholders' Equity    
Capital stock (see Note 18) 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: 12,215,545 (2018: 11,699,657) common shares 12,216 11,700
Capital in excess of par value 16,437,473 15,328,285
Other comprehensive loss (994,610) (1,222,573)
Accumulated earnings 2,456,148 2,941,889
Total stockholders' equity - controlling interest 17,911,227 17,059,301
Non-controlling interests (Note 19) 2,550,149 2,462,231
Total Stockholders' Equity 20,461,376 19,521,532
Total Liabilities and Stockholders' Equity $ 32,380,417 $ 31,196,115