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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 5,703,581 $ 9,369,624
Short-term investments 15,936,157 13,573,057
Accounts receivable, net 6,727,534 6,770,838
Inventories 7,610,645 7,235,043
Other 701,655 571,527
Total current assets 36,679,572 37,520,089
Property, plant, and equipment, net 2,076,023 2,115,316
Goodwill 18,749,888 18,749,888
Other intangible assets, net 8,892,025 9,482,578
Long-term investments 4,186,375 5,344,004
Deferred tax assets and other 161,209 163,427
Total assets 70,745,092 73,375,302
Current liabilities:    
Accounts payable 1,988,059 2,689,035
Income taxes payable 54,964 113,191
Accrued liabilities:    
Compensation 3,180,858 4,670,640
Deferred revenue 632,311 597,524
Other 1,373,688 838,272
Total current liabilities 7,229,880 8,908,662
Accrued pension liability 325,337 308,918
Deferred rent 627,412 639,019
Other 160,114 278,780
Total liabilities 8,342,743 10,135,379
Shareholders' equity:    
Common stock $0.01 par value; 100,000,000 shares authorized, 60,438,959 and 60,436,548 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 604,391 604,368
Additional paid-in capital 144,895,047 144,430,381
Accumulated deficit (82,327,568) (81,005,654)
Accumulated other comprehensive loss (769,521) (789,172)
Total shareholders' equity 62,402,349 63,239,923
Total liabilities and shareholders' equity $ 70,745,092 $ 73,375,302