Note 4 - Balance Sheet Components

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

4.

BALANCE SHEET COMPONENTS

	December 31, 201 7		December 31, 20 1 6
INVENTORY
On hand:
Finished goods held for sale	$	34,824,728	$	30,684,026
Raw materials and work in process		1,138,316		1,034,041
Inventory in transit		1,348,153		1,459,472
TOTAL	$	37,311,197	$	33,177,539

PROPERTY AND EQUIPMENT
Building	$	9,257,066		$	9,105,286
Land		1,451,132			1,451,132
Leasehold improvements		1,615,464			1,350,916
Equipment and machinery		6,447,776			5,991,343
Furniture and fixtures		7,907,704			7,342,642
Vehicles		539,339			295,033
		27,218,481			25,536,352
Less: accumulated depreciation		(11,750,639	)		(9,884,559	)
TOTAL	$	15,467,842		$	15,651,793

ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued bonuses	$	1,748,236	$	2,123,942
Accrued payroll		630,259		689,150
Deferred revenue		905,657		909,297
Sales and payroll taxes payable		524,184		494,720
Inventory in transit		1,067,143		1,432,590
Other		77,998		287,488
TOTAL	$	4,953,477	$	5,937,187

Depreciation expense

was

$1,873,484,

$1,717,548,

and

$1,520,385

for the years ended

December 31, 2017,

2016,

and

2015,

respectively.

Loss

(gain) from abandonment and/or disposal of assets, which is included in operating expenses, is as follows, by segment:

Year ended December 31	North America		International			Total
2017	$	2,378	$	761		$	3,139
2016		17,699		(714	)		16,985
2015		19,583		11,481			31,064