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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 58,371,572 $ 50,068,728
Investments 945,066 1,909,368
Accounts receivable, net of allowance for doubtful accounts of $45,891 as of September 30, 2021 and $46,484 as of December 31, 2020 4,253,647 4,574,932
Inventory, net 4,433,389 3,933,987
Prepaid expenses and other current assets 685,449 771,666
Prepaid income taxes 2,899,939 2,477,211
Total current assets 71,589,062 63,735,892
Property and equipment, net 2,110,377 2,120,148
Intangible assets, net 1,054,641 960,885
Operating lease right-of-use asset, net 2,548,702 2,715,030
Deferred income taxes, net 870,028 1,272,672
Other assets 225,749 261,993
Total assets 78,398,559 71,066,620
Current liabilities:    
Accounts payable 842,660 657,054
Accrued payroll and benefits 2,413,986 1,714,782
Other accrued taxes 91,254 103,981
Warranty reserve 111,007 90,054
Deferred revenue 2,442,430 1,949,259
Current portion of operating lease liability 272,498 255,698
Other current liabilities 146,435 146,435
Total current liabilities 6,320,270 4,917,263
Deferred revenue 1,910,668 2,305,413
Operating lease liability, less current portion 2,276,204 2,459,332
Total liabilities 10,507,142 9,682,008
Stockholders' equity:    
Common stock; $0.0001 par value; 31,500,000 shares authorized; 12,340,654 shares issued and outstanding as of September 30, 2021 and 12,308,432 shares issued and outstanding as of December 31, 2020 1,234 1,231
Additional paid-in capital 24,766,697 23,676,843
Retained earnings 43,102,255 37,669,451
Accumulated other comprehensive income 21,231 37,087
Total stockholders' equity 67,891,417 61,384,612
Total liabilities and stockholders' equity $ 78,398,559 $ 71,066,620