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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 2,380,663 $ 8,425,846
Marketable securities, current 6,308,007 4,304,912
Trade accounts receivable, less allowance for doubtful accounts of $208,360 in 2012 and $150,921 in 2011 7,693,630 4,675,464
Other receivables 339,513 101,951
Inventories 6,525,232 4,479,929
Prepaid income taxes 326,690 9,239
Prepaid expenses, other 630,567 511,299
Deferred income taxes 870,985 848,597
Total current assets 25,075,287 23,357,237
Marketable securities, noncurrent 456,801 5,799,417
Property, plant and equipment, net of accumulated depreciation of $6,777,754 in 2012 and $4,147,129 in 2011 5,187,802 3,174,748
Goodwill 8,529,863 3,119,246
Investment in affiliated company 3,215,000 3,237,250
Intangible assets, net 12,293,015 909,536
Other assets 292,074 107,077
TOTAL ASSETS 55,049,842 39,704,511
Current liabilities:    
Current maturities of long-term notes payable 2,457,497  
Revolving line of credit 4,541,459  
Accounts payable 2,476,008 1,812,779
Compensation and related expenses 2,920,415 2,313,553
Other accrued expenses 803,772 406,378
Accrued product warranties 257,940 205,506
Dividends payable 575,672 543,881
Deferred revenue 493,162 857,906
Total current liabilities 14,525,925 6,140,003
Notes payable 4,872,985  
Deferred income taxes 2,586,923  
Obligations to former employees 73,323 46,751
Accrued income taxes 273,600 277,978
Total liabilities 22,332,756 6,464,732
Stockholders' equity:    
Capital stock - undesignated. Authorized 3,000,000 shares; none issued and outstanding in 2012 and 2011      
Common stock - $0.10 par value. Authorized 22,000,000 shares; issued and outstanding 5,482,588 shares in 2012 and 5,438,810 shares in 2011 548,259 543,881
Additional paid-in capital 3,516,926 2,762,524
Retained earnings 29,969,426 30,523,405
Accumulated other comprehensive loss (1,317,525) (590,031)
Total stockholders' equity 32,717,086 33,239,779
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 55,049,842 $ 39,704,511