Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 35,284,786 $ 12,789,975
Investments 2,861,394 2,759,024
Trade accounts receivable, less allowance for doubtful accounts of $33,000 and $14,000, respectively 2,119,022 4,402,023
Inventories, net 121,098 136,264
Prepaid income taxes 15,910 35,948
Other current assets 1,068,799 556,953
Current assets held for sale   15,078,066
TOTAL CURRENT ASSETS 41,471,009 35,758,253
PROPERTY, PLANT AND EQUIPMENT, net 5,800,827 6,087,975
OTHER ASSETS:    
Investments 3,942,825 7,109,212
Goodwill 2,086,393 2,086,393
Operating lease right of use asset 191,134 284,251
Intangible assets, net 2,440,562 2,775,361
Other assets, net 183,373 171,619
Non-current assets held for sale 846,000 1,283,261
TOTAL OTHER ASSETS 9,690,287 13,710,097
TOTAL ASSETS 56,962,123 55,556,325
CURRENT LIABILITIES:    
Accounts payable 1,716,451 709,283
Accrued compensation and benefits 1,247,228 1,531,595
Operating lease liability 132,690 127,243
Other accrued liabilities 203,203 318,650
Accrued consideration   550,000
Dividends payable 34,022,195 16,147
Deferred revenue 608,712 456,912
Current liabilities held for sale   3,727,821
TOTAL CURRENT LIABILITIES 37,930,479 7,437,651
LONG TERM LIABILITIES:    
Long-term compensation plans   116,460
Operating lease liability 69,613 167,697
Deferred revenue 397,076 310,179
Long term liabilities held for sale   29,611
TOTAL LONG-TERM LIABILITIES 466,689 623,947
COMMITMENTS AND CONTINGENCIES (Footnote 9)
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued
Common stock, par value $0.05 per share; 30,000,000 shares authorized; 9,720,627 and 9,321,927 shares issued and outstanding, respectively 486,031 466,096
Additional paid-in capital 44,878,533 43,572,114
Retained earnings (accumulated deficit) (26,815,002) 4,135,284
Accumulated other comprehensive income (loss) 15,393 (678,767)
TOTAL STOCKHOLDERS’ EQUITY 18,564,955 47,494,727
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 56,962,123 $ 55,556,325