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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 12,679,373 $ 24,070,351
Short term investments – US Treasuries 4,999,750
Accounts receivable-trade, net of allowance for doubtful accounts of $12,940 and $15,703 in 2019 and 2018, respectively 456,537 408,170
Inventory 30,564,322 33,867,276
Prepaid income taxes 272,028 383,478
Prepaid expenses 1,537,367 1,244,754
Other current assets 174,043 161,208
Total current assets 50,683,420 60,135,237
PROPERTY AND EQUIPMENT, at cost 27,863,939 28,005,563
Less accumulated depreciation and amortization (13,921,523) (13,606,266)
Property and equipment, net 13,942,416 14,399,297
OPERATING LEASE ASSETS 6,389,561
GOODWILL 956,945 954,765
OTHER INTANGIBLES, net of accumulated amortization of approximately $714,000 and $713,000 in 2019 and 2018, respectively 15,833 16,500
OTHER assets 379,661 386,107
TOTAL ASSETS 72,367,836 75,891,906
CURRENT LIABILITIES:    
Accounts payable-trade 897,196 1,215,490
Accrued expenses and other liabilities 3,752,711 4,939,829
Operating lease liabilities 3,340,843
Current maturities of long-term debt 747,335
Total current liabilities 7,990,750 6,902,654
DEFERRED INCOME TAXES 1,258,721 1,308,265
OPERATING LEASE LIABILITIES, noncurrent 3,427,705
LONG-TERM DEBT, net of current maturities 8,220,683
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 0 0
Common stock, $0.0024 par value; 25,000,000 shares authorized; 11,348,186 and 11,346,778 shares issued at 2019 and 2018, respectively; 8,934,024 and 9,060,561 shares outstanding at 2019 and 2018, respectively 27,234 27,232
Paid-in capital 7,344,644 7,158,821
Retained earnings 66,188,614 65,716,761
Treasury stock at cost (2,414,162 and 2,286,217 shares at 2019 and 2018, respectively) (12,646,467) (11,931,850)
Accumulated other comprehensive (loss) (1,223,365) (1,510,660)
Total stockholders’ equity 59,690,660 59,460,304
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 72,367,836 $ 75,891,906