XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 84,879,562 $ 63,333,160
Accounts receivable, net of reserves of $587,810 and $593,023 at June 30, 2014 and December 31, 2013, respectively 19,235,039 18,736,845
Inventories 13,864,165 10,996,785
Current portion deferred income taxes 659,040 659,040
Prepaid expenses and other 878,929 865,957
Total current assets 119,516,735 94,591,787
Property and equipment, at cost 53,142,322 52,413,423
Less: accumulated depreciation (20,754,596) (19,474,712)
32,387,726 32,938,711
Long-term deposits and other 69,077 69,080
Intangible assets, net 17,762,272 18,998,409
Goodwill 9,360,884 9,443,894
Total assets 179,096,694 156,041,881
Current liabilities:    
Accounts payable 2,198,070 2,793,911
Accrued expenses 4,875,167 5,537,881
Deferred revenue 15,463 180,433
Income taxes payable 232,704 770,276
Total current liabilities 7,321,404 9,282,501
Other long-term liabilities 1,031,414 1,133,544
Long-term deferred revenue 71,446 2,054,941
Deferred tax liability 8,278,135 7,936,864
Commitments and contingencies (Note 9)      
Stockholders’ equity:    
Preferred stock, $.01 par value; 1,250,000 shares authorized, no shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively      
Common stock, $.01 par value; 30,000,000 shares authorized, 14,798,147 and 14,289,308 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 147,981 142,893
Additional paid-in-capital 73,245,459 70,606,031
Accumulated currency translation adjustment (1,915,950) (1,699,095)
Retained earnings 90,916,805 66,584,202
Total stockholders’ equity 162,394,295 135,634,031
Total Liabilities and Stockholders’ Equity $ 179,096,694 $ 156,041,881