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Consolidated Balance Sheets(USD ($))
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 63,333,160 $ 44,067,477
Accounts receivable, net of reserves of $593,023 and $337,459 at December 31, 2013 and 2012, respectively 18,736,845 21,462,481
Inventories 10,996,785 8,283,472
Current portion deferred income taxes 659,040 2,031,583
Prepaid expenses and other 865,957 1,539,477
Total current assets 94,591,787 77,384,490
Property and equipment, at cost 52,413,423 52,376,013
Less: accumulated depreciation (19,474,712) (17,263,032)
32,938,711 35,112,981
Long-term deposits and other 69,080 171,053
Intangible assets, net 18,998,409 20,334,636
Goodwill 9,443,894 9,065,891
Total Assets 156,041,881 142,069,051
Current liabilities:    
Accounts payable 2,793,911 2,341,838
Accrued expenses 5,537,881 5,837,044
Deferred revenue 180,433 2,875,067
Current portion of long-term debt   1,600,000
Income taxes payable 770,276 1,798,669
Total current liabilities 9,282,501 14,452,618
Other long-term liabilities 1,133,544 1,541,124
Long-term deferred revenue 2,054,941 2,152,778
Deferred tax liability 7,936,864 6,997,397
Long-term debt   8,000,000
Commitments and contingencies (Note 9)      
Stockholders’ equity:    
Preferred stock, $.01 par value; 1,250,000 shares authorized, no shares issued and outstanding at December 31, 2013 and 2012, respectively      
Common stock, $.01 par value; 30,000,000 shares authorized, 14,289,308 and 13,866,060 shares issued and outstanding at December 31, 2013 and 2012, respectively 142,893 138,659
Additional paid-in-capital 70,606,031 65,431,424
Accumulated currency translation adjustment (1,699,095) (2,654,630)
Retained earnings 66,584,202 46,009,681
Total stockholders’ equity 135,634,031 108,925,134
Total Liabilities and Stockholders’ Equity $ 156,041,881 $ 142,069,051