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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 11,448,638 $ 10,962,615
Accounts receivable-trade, net of allowance for doubtful accounts of $75 and $1,746 in 2016 and 2015, respectively 513,591 553,206
Inventory 37,122,297 33,584,539
Prepaid income taxes 1,237,306 549,277
Deferred income taxes 359,802 326,830
Prepaid expenses 1,852,230 1,514,887
Other current assets 16,261 70,197
Total current assets 52,550,125 47,561,551
PROPERTY AND EQUIPMENT, at cost 25,394,850 23,992,208
Less accumulated depreciation and amortization (9,460,904) (8,297,155)
15,933,946 15,695,053
GOODWILL 958,630 953,356
OTHER INTANGIBLES, net of accumulated amortization of approximately $708,000 and $702,000 in 2016 and 2015, respectively 21,284 27,282
OTHER assets 334,778 329,684
TOTAL ASSETS 69,798,763 64,566,926
CURRENT LIABILITIES:    
Accounts payable-trade 1,981,879 1,983,376
Accrued expenses and other liabilities 6,528,527 6,045,552
Current maturities of capital lease obligations 72,686 72,686
Current maturities of long-term debt 153,578 231,952
Total current liabilities 8,736,670 8,333,566
DEFERRED INCOME TAXES 1,753,698 1,702,515
LONG-TERM DEBT, net of current maturities 7,218,151 3,479,273
CAPITAL LEASE OBLIGATIONS, net of current maturities 72,687 79,396
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.10 par value; 20,000,000 shares authorized; none issued or outstanding; attributes to be determined on issuance
Common stock, $0.0024 par value; 25,000,000 shares authorized; 11,309,326 and 11,275,641 shares issued at 2016 and 2015, respectively; 9,266,496 and 9,753,293 shares outstanding at 2016 and 2015, respectively 27,142 27,062
Paid-in capital 6,324,995 6,168,489
Retained earnings 57,409,496 53,067,234
Treasury stock at cost (2,042,830 and 1,522,348 shares at 2016 and 2015, respectively) (10,278,584) (6,602,930)
Accumulated other comprehensive income (1,465,492) (1,687,679)
Total stockholders’ equity 52,017,557 50,972,176
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 69,798,763 $ 64,566,926