XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 23,699,164 $ 18,205,976
Accounts receivable, net of allowance for doubtful accounts of $52,756 as of September 30, 2018 and $37,225 as of December 31, 2017 5,219,259 3,778,929
Investments 7,487,283 8,135,123
Inventory, net 4,275,409 4,210,846
Prepaid expenses and other current assets 578,178 648,881
Prepaid income taxes 1,409,113 127,855
Total current assets 42,668,406 35,107,610
Property and equipment, net 1,879,619 1,868,851
Intangible assets, net 832,144 885,502
Deferred income taxes, net 1,227,043 950,375
Other assets 204,305 200,196
Total assets 46,811,517 39,012,534
Current liabilities:    
Accounts payable 970,972 656,723
Accrued payroll and benefits 1,810,982 1,512,336
Other accrued taxes 86,281 109,502
Warranty reserve 39,951 60,538
Deferred revenue 1,776,953 1,617,571
Other current liability 108,421 108,571
Accrued income taxes   12,731
Total current liabilities 4,793,560 4,077,972
Deferred revenue 1,925,782 2,003,685
Total liabilities 6,719,342 6,081,657
Stockholders' equity:    
Common stock; $0.0001 par value; 31,500,000 shares authorized; 10,933,989 shares issued and outstanding as of September 30, 2018 and 10,596,566 shares issued and outstanding as of December 31, 2017 1,093 1,060
Additional paid-in capital 15,203,263 12,623,181
Retained earnings 24,962,478 20,355,545
Accumulated other comprehensive loss (74,659) (48,909)
Total stockholders' equity 40,092,175 32,930,877
Total liabilities and stockholders' equity $ 46,811,517 $ 39,012,534