They certainly don't need to have the authorized that high. I would presume that it is set there from a long time ago back when the company was not nearly what it is today.
The company being profitable negates any need for dilution which is really encouraging with a small company like this. Only reason I could foresee any dilution at a later date is possibly when the stock is likely much higher and perhaps they move to try and list on a larger exchange.
In this day and age, the majority of the investment community can't purchase stocks traded on the OTCBB, therefore a listing possibly on Nasdaq somewhere down the line could really help create value more on par with the company's strong and further improving financials.
Nothing happens overnight, but anyone objectively looking at the company today, could only be encouraged by the way management has been executing and the current value proposition offered by the shares trading at less than 1X sales.
Furthermore, the company does appear to be trying to be more pro-active in terms of its corporate communications as of late. While two releases are just a start, I really liked the shareholder letter a great deal and thought it was a nice touch that they upgraded their site to allow us investors to opt in to real time email alerts. If you haven't signed up, you should check it out.
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