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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,231,265 $ 1,520,997
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 458,118 414,228
Loss / (gain) on disposal or abandonment of assets 335 (12,023)
Non-cash stock-based compensation 44,794 43,762
Deferred income taxes (103,187) 31,717
Foreign currency translation 344,789 614,366
Net changes in assets and liabilities:    
Accounts receivable-trade 36,292 (129,374)
Inventory (1,204,464) (47,763)
Prepaid expenses (101,357) (112,282)
Other current assets (126,374) (76,076)
Accounts payable-trade 802,561 (63,065)
Accrued expenses and other liabilities (1,717,366) (1,471,776)
Income taxes 489,836 360,847
Total adjustments (1,076,023) (447,439)
Net cash provided by operating activities 155,242 1,073,558
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (599,757) (606,932)
Proceeds from sale of assets 22,625
(Decrease) in other assets (10,578) (154)
Net cash used in investing activities (610,335) (584,461)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable and long term debt 2,870,000
Payments on capital lease obligations (6,710)
Repurchase of common stock (treasury stock) (2,870,740)
Net cash used in financing activities (7,450)
NET (DECREASE) INCREASE IN CASH (455,093) 481,647
CASH, beginning of period 16,862,304 10,962,615
CASH, end of period 16,407,211 11,444,262
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest paid 36,344 23,429
Income tax paid (refunds) $ 17,303 $ 457,478