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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,091,450 $ 1,921,349
Accounts receivable, net of allowance for doubtful accounts of $38,000 and $35,000, respectively 1,173,918 1,285,843
Inventories 4,994,773 4,799,083
Deferred income taxes 404,845 376,925
Prepaid expenses and other current assets 544,949 464,020
Total current assets 9,209,935 8,847,220
Property and equipment, net 1,340,503 4,683,496
Goodwill, net 2,158,638 2,221,347
Intangible assets, net 27,554 39,975
Other assets, net 95,012 203,906
Total assets 12,831,642 15,995,944
Current liabilities:    
Accounts payable, trade 1,135,288 2,310,192
Accrued liabilities 1,214,797 1,420,050
Current maturities of long-term obligations 0 229,538
Deferred revenue 1,913,307 2,147,290
Total current liabilities 4,263,392 6,107,070
Long-term obligations, less current maturities 0 906,809
Deferred income taxes $ 529,400 $ 556,440
Commitments and contingencies
Shareholders’ equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 2,212,350 shares issued and outstanding at September 30, 2015 and December 31, 2014 $ 2,212 $ 2,212
Additional paid-in capital 13,713,630 13,713,630
Accumulated deficit (5,881,961) (5,417,092)
Accumulated other comprehensive income 204,969 126,875
Total shareholders' equity 8,038,850 8,425,625
Total liabilities and shareholders' equity $ 12,831,642 $ 15,995,944