XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 13,972,558 $ 13,176,452
Short term investments 71,304,188 67,707,143
Accounts receivable 16,729,636 16,518,687
Deferred royalty buy-down 0 184,931
Prepaid expenses and other current assets 1,012,172 646,749
Total current assets 103,018,554 98,233,962
Long-term investments 8,233,138 1,099,834
Deferred tax assets, net 154,309 313,768
Patent costs, net 493,856 444,478
Total assets 111,899,857 100,092,042
Current liabilities:    
Accounts payable and accrued expenses 710,812 1,798,588
Income tax payable 878,624 704,934
Total current liabilities 1,589,436 2,503,522
Commitments and Contingencies
Stockholders' equity:    
Common stock, $.001 par value; 10,000,000 shares authorized 7,796,230 and 7,738,167 shares issued, 7,331,917 and 7,275,902 shares outstanding as of June 30, 2019 and December 31, 2018, respectively 7,796 7,738
Additional paid-in capital 38,299,800 36,302,446
Retained earnings 83,019,774 72,176,719
Treasury stock, 464,313 and 462,265 shares at cost as of June 30, 2019 and December 31, 2018, respectively (11,016,949) (10,898,383)
Total stockholders' equity 110,310,421 97,588,520
Total liabilities and stockholders' equity 111,899,857 100,092,042
Series A Preferred Stock [Member]    
Stockholders' equity:    
Series A Preferred stock, $.50 par value, 700,000 shares authorized; none outstanding $ 0 $ 0