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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 17,597,430 $ 13,176,452
Short term investments 66,899,660 67,707,143
Accounts receivable 16,476,790 16,518,687
Deferred royalty buy-down 0 184,931
Prepaid expenses and other current assets 604,392 646,749
Total current assets 101,578,272 98,233,962
Long-term investments 3,635,115 1,099,834
Deferred tax assets, net 313,768 313,768
Patent costs, net 425,678 444,478
Total assets 105,952,833 100,092,042
Current liabilities:    
Accounts payable and accrued expenses 1,944,663 1,798,588
Income tax payable 1,802,847 704,934
Total current liabilities 3,747,510 2,503,522
Commitments and Contingencies
Stockholders' equity:    
Common stock, $.001 par value; 10,000,000 shares authorized; 7,740,167 and 7,738,167 shares issued, 7,277,902 and 7,275,902 shares outstanding as of March 31, 2019 and December 31, 2018, respectively 7,740 7,738
Additional paid-in capital 36,502,652 36,302,446
Retained earnings 76,593,314 72,176,719
Treasury stock, 462,265 shares at cost as of March 31, 2019 and December 31, 2018 (10,898,383) (10,898,383)
Total stockholders' equity 102,205,323 97,588,520
Total liabilities and stockholders' equity 105,952,833 100,092,042
Series A Preferred Stock [Member]    
Stockholders' equity:    
Series A Preferred stock, $.50 par value, 700,000 shares authorized; none outstanding $ 0 $ 0