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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 1,081,100 $ 756,500
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 191,600 45,300
Stock-based compensation 63,400 64,500
Deferred income taxes 467,000 517,900
Change in operating assets and liabilities:    
Accounts receivables (641,100) (1,798,100)
Inventories 180,200 (492,000)
Prepaid expenses and other assets (174,900) (131,900)
Income taxes payable 251,600 25,000
Accounts payable and accrued expenses (941,100) (37,000)
Deferred revenue 114,700 0
Total adjustments to net income (488,600) (1,806,300)
Net cash provided (used) by operating activities 592,500 (1,049,800)
Cash flows from investing activities:    
Purchase of property and equipment (44,400) (168,100)
Net cash used by investing activities (44,400) (168,100)
Cash flows from financing activities:    
Repayments under line-of-credit (750,000) 0
Repayments of long-term debt (200,000) 0
Proceeds from exercise of stock options 28,100 0
Net cash used by financing activities (921,900) 0
Net decrease in cash and cash equivalents (373,800) (1,217,900)
Cash and cash equivalents, beginning of period 2,097,300 7,165,100
Cash and cash equivalents, end of period 1,723,500 5,947,200
Supplemental disclosures:    
Cash paid during the period for interest $ 41,900 $ 7,400