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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 13,858,866 $ 14,916,878
Marketable investment securities 31,020,811 43,631,510
Accounts receivable, net 551,504 303,926
Inventory, net 1,463,960 1,664,725
Income taxes receivable 26,955
Prepaid expenses and other current assets 1,324,098 1,597,114
Total current assets 48,219,239 62,141,108
Property and equipment, net 3,054,487 3,035,729
Operating lease right-of-use asset 2,547,485 2,966,774
Intangible assets, net 26,252,333 26,403,667
Investment in joint venture 627,924 773,382
Total assets 80,701,468 95,320,660
Current liabilities    
Accounts payable 1,863,499 1,482,109
Accrued expenses 1,504,750 2,172,959
Operating lease liability, current 878,174 838,387
Contingent consideration liabilities, current 838,032 891,666
Deferred revenue 220,930 362,449
Total current liabilities 5,305,385 5,747,570
Long-term liabilities    
Income taxes payable 699,113 659,186
Operating lease liability 1,703,717 2,152,180
Contingent consideration liabilities 595,599 748,109
Total long-term liabilities 2,998,429 3,559,475
Total liabilities 8,303,814 9,307,045
Commitments and contingencies (Note 10)
Stockholders’ equity    
Convertible preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively
Common stock, $0.001 par value; 100,000,000 shares authorized; 36,759,680 shares issued and 31,911,002 shares outstanding as of June 30, 2024 and 36,108,346 shares issued and 31,259,668 shares outstanding as of December 31, 2023 36,760 36,108
Treasury stock, at cost; 4,848,678 shares held as of June 30, 2024 and December 31, 2023, respectively (15,575,795) (15,575,795)
Additional paid-in capital 99,878,676 96,808,436
Accumulated other comprehensive income 371,208 146,700
Accumulated earnings (deficit) (12,313,195) 4,598,166
Total stockholders’ equity 72,397,654 86,013,615
Total liabilities and stockholders’ equity $ 80,701,468 $ 95,320,660