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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 16,814,972 $ 18,337,258
Accounts receivable-trade, net of allowance for doubtful accounts of $9,839 and $22,642 in 2018 and 2017, respectively 418,612 461,212
Inventory 40,720,630 37,311,197
Prepaid income taxes 452,389 41,307
Prepaid expenses 1,348,113 1,473,147
Other current assets 290,028 189,029
Total current assets 60,044,744 57,813,150
PROPERTY AND EQUIPMENT, at cost 27,950,353 27,218,481
Less accumulated depreciation and amortization (12,976,025) (11,750,639)
Property and equipment, net 14,974,328 15,467,842
DEFERRED INCOME TAXES 281,721 271,738
GOODWILL 960,304 962,949
OTHER INTANGIBLES, net of accumulated amortization of approximately $712,000 and $710,000 in 2018 and 2017, respectively 17,166 19,222
OTHER ASSETS 387,487 379,695
TOTAL ASSETS 76,665,750 74,914,596
CURRENT LIABILITIES:    
Accounts payable-trade 1,441,975 1,413,450
Accrued expenses and other liabilities 4,512,211 4,953,477
Current maturities of long-term debt 174,056 614,311
Total current liabilities 6,128,242 6,981,238
DEFERRED INCOME TAXES 1,467,481 1,636,958
LONG-TERM DEBT, net of current maturities 8,180,613 6,757,419
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; 11,330,340 and 11,313,692 shares issued at 2018 and 2017, respectively; 9,154,208 and 9,270,862 shares outstanding at 2018 and 2017, respectively 27,193 27,153
Paid-in capital 6,907,678 6,831,271
Retained earnings 66,345,110 63,921,244
Treasury stock at cost (2,176,132 and 2,042,830 shares at 2018 and 2017, respectively) (11,273,822) (10,278,584)
Accumulated other comprehensive income (loss) (1,116,745) (962,103)
Total stockholders’ equity 60,889,414 59,538,981
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 76,665,750 $ 74,914,596