BALANCE SHEETS - USD ($)
|
Dec. 31, 2016 |
Dec. 31, 2015 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 17,713,871
|
$ 19,368,114
|
| Accounts receivable, net |
3,775,699
|
3,863,632
|
| Investments |
7,965,521
|
7,602,204
|
| Inventory, net |
3,886,590
|
2,383,158
|
| Prepaid expenses and other current assets |
362,900
|
320,529
|
| Prepaid income taxes |
151,820
|
273,968
|
| Deferred income taxes |
311,871
|
141,446
|
| Total current assets |
34,168,272
|
33,953,051
|
| Property and equipment, net |
1,456,149
|
905,622
|
| Intangible assets, net |
918,712
|
193,243
|
| Deferred income taxes |
477,531
|
88,398
|
| Other assets |
173,820
|
103,893
|
| Total assets |
37,194,484
|
35,244,207
|
| Current liabilities: |
|
|
| Accounts payable |
1,120,830
|
1,005,460
|
| Accrued payroll and benefits |
1,035,266
|
1,288,248
|
| Other accrued taxes |
119,094
|
30,687
|
| Warranty reserve |
40,905
|
34,081
|
| Deferred revenue |
1,033,146
|
529,867
|
| Other current liability |
120,634
|
|
| Accrued income taxes |
192,006
|
|
| Total current liabilities |
3,661,881
|
2,888,343
|
| Deferred revenue |
1,643,478
|
422,839
|
| Total liabilities |
5,305,359
|
3,311,182
|
| Stockholders' equity: |
|
|
| Common stock; $0.0001 par value; 31,500,000 shares authorized; 10,722,675 shares issued and outstanding as of December 31, 2016 and 11,175,125 shares issued and outstanding as of December 31, 2015 |
1,072
|
1,118
|
| Additional paid-in capital |
12,055,188
|
19,332,023
|
| Retained earnings |
19,869,714
|
12,655,169
|
| Accumulated other comprehensive loss |
(36,849)
|
(55,285)
|
| Total stockholders' equity |
31,889,125
|
31,933,025
|
| Total liabilities and stockholders' equity |
$ 37,194,484
|
$ 35,244,207
|