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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 6,251,884 $ 12,484,256
Accounts receivable, net 16,881,672 13,145,934
Inventories 1,551,419 1,628,817
Investment in debt securities 4,699,954 2,892,190
Prepaid and other current assets 2,252,755 1,750,994
Total Current Assets 31,637,684 31,902,191
Property and Equipment, Net 899,792 891,029
Patent Rights, Net 409,640 433,737
Deposits 24,272 24,272
Operating Lease Right-of-Use Assets, Net 749,114 0
Total Assets 33,720,502 33,251,229
Current Liabilities    
Accounts payable and accrued expenses 4,075,214 5,166,239
Deferred revenue, current portion 744,996 722,025
Operating lease liabilities, current portion 240,972
Product warranties 137,942 136,217
Total Current Liabilities 5,199,124 6,024,481
Operating Lease Liabilities 510,784
Deferred Revenue, Net of Current Portion 815,164 766,732
Total Liabilities 6,525,072 6,791,213
Stockholders' Equity    
Preferred stock, 5,000,000 shares authorized and none issued and outstanding
Common stock, $0.01 par value - 50,000,000 authorized; 16,546,196 issued and 16,512,742 outstanding at March 31, 2019; 16,145,915 issued and 16,112,461 outstanding at December 31, 2018 165,461 161,459
Additional paid-in capital 42,810,335 39,957,905
Treasury stock, 33,454 shares at cost, at March 31, 2019 and December 31, 2018, respectively (133,816) (133,816)
Accumulated deficit (15,646,550) (13,525,532)
Total Stockholders' Equity 27,195,430 26,460,016
Total Liabilities and Stockholders' Equity $ 33,720,502 $ 33,251,229