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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 10,431,068 $ 9,369,624
Short-term investments 14,275,494 13,573,057
Accounts receivable, net 7,313,021 6,770,838
Inventories 7,235,436 7,235,043
Other 616,166 571,527
Total current assets 39,871,185 37,520,089
Property, plant, and equipment, net 2,186,034 2,115,316
Goodwill 18,749,888 18,749,888
Other intangible assets, net 8,303,379 9,482,578
Long-term investments 2,218,223 5,344,004
Deferred tax assets and other 162,044 163,427
Total assets 71,490,753 73,375,302
Current liabilities:    
Accounts payable 1,644,109 2,689,035
Income taxes payable 90,762 113,191
Accrued liabilities:    
Compensation 3,536,817 4,670,640
Deferred revenue 629,538 597,524
Other 1,281,043 838,272
Total current liabilities 7,182,269 8,908,662
Accrued pension liability 360,429 308,918
Deferred rent 613,888 639,019
Other 62,426 278,780
Total liabilities 8,219,012 10,135,379
Shareholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2017 and December 31, 2016, respectively 0 0
Common stock $0.01 par value; 100,000,000 shares authorized, 60,914,778 and 60,436,548 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 609,149 604,368
Additional paid-in capital 145,226,680 144,430,381
Accumulated deficit (81,907,939) (81,005,654)
Accumulated other comprehensive loss (656,149) (789,172)
Total shareholders' equity 63,271,741 63,239,923
Total liabilities and shareholders' equity $ 71,490,753 $ 73,375,302