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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 47,549,619 $ 43,481,781
Accounts receivable, net of allowance for doubtful accounts of $43,286 as of September 30, 2020 and $69,093 as of December 31, 2019 4,252,329 7,293,303
Investments 2,320,407 2,768,287
Inventory, net 4,589,741 3,641,561
Prepaid expenses and other current assets 475,039 407,802
Prepaid income taxes 3,716,442 1,370,947
Total current assets 62,903,577 58,963,681
Property and equipment, net 2,164,391 2,053,806
Intangible assets, net 975,879 860,087
Operating lease right-of-use asset 2,776,599 2,955,873
Deferred income taxes, net 1,346,214 1,663,415
Other assets 258,457 232,002
Total assets 70,425,117 66,728,864
Current liabilities:    
Accounts payable 580,309 993,742
Accrued payroll and benefits 1,642,772 2,166,209
Other accrued taxes 123,196 596,576
Warranty reserve 87,059 81,761
Deferred revenue 1,956,180 1,671,420
Current portion of operating lease liability 251,901 240,843
Other current liability 108,421 108,421
Accrued income taxes 10,390  
Total current liabilities 4,760,228 5,858,972
Deferred revenue 2,423,733 2,630,467
Operating lease liability, less current portion 2,524,698 2,715,030
Total liabilities 9,708,659 11,204,469
Stockholders' equity:    
Common stock; $0.0001 par value; 31,500,000 shares authorized; 12,269,123 shares issued and outstanding as of September 30, 2020 and 11,765,875 shares issued and outstanding as of December 31, 2019 1,227 1,177
Additional paid-in capital 23,636,433 19,192,394
Retained earnings 37,032,037 36,300,450
Accumulated other comprehensive income 46,761 30,374
Total stockholders' equity 60,716,458 55,524,395
Total liabilities and stockholders' equity $ 70,425,117 $ 66,728,864