v3.22.2.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 81,507,983 $ 88,607,234
Marketable investment securities 4,982,350 1,255,266
Accounts receivable, net 7,961,664 20,839,182
Inventory 5,441,726 2,004,169
Income taxes receivable 705,849
Prepaid expenses and other current assets 1,241,143 2,338,444
Note receivable 75,000 75,000
Total current assets 101,915,715 115,119,295
Property and equipment, net 2,438,112 1,933,216
Operating lease right-of-use asset 456,251
Goodwill 15,388,546 14,706,818
Intangible assets, net 26,875,000 27,195,000
Investment in joint venture 748,737 1,004,953
Note receivable 18,750 75,000
Total assets 147,841,111 160,034,282
Current liabilities    
Accounts payable 2,055,889 607,506
Accrued expenses, current 1,511,720 3,859,652
Operating lease liability, current 292,536
Contingent consideration liabilities, current 2,152,064 5,767,304
Income taxes payable 2,213,088
Deferred revenue 150,000
Total current liabilities 6,012,209 12,597,550
Long-term liabilities    
Income taxes payable 1,559,557 1,067,853
Deferred tax liability 3,797,158 7,228,444
Operating lease liability 126,280
Contingent consideration liabilities 1,400,490 4,665,337
Total long-term liabilities 6,883,485 12,961,634
Total liabilities 12,895,694 25,559,184
Commitments and contingencies (Note 12)  
Stockholders’ equity    
Convertible preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Common stock, $0.001 par value; 100,000,000 shares authorized; 34,332,182 shares issued and 30,917,856 shares outstanding as of September 30, 2022 and 33,819,862 shares issued and outstanding as of December 31, 2021 34,332 33,820
Treasury stock, at cost; 3,414,326 and 0 shares held as of September 30, 2022 and December 31, 2021, respectively (12,994,373)
Additional paid-in capital 86,068,948 80,271,999
Accumulated earnings 61,836,510 54,169,279
Total stockholders’ equity 134,945,417 134,475,098
Total liabilities and stockholders’ equity $ 147,841,111 $ 160,034,282