Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Schedule of Revenue by Major Customers by Reporting Segments

The Company had major payors that contributed the following percentage of net revenue:

	For the Three Months Ended September 30,
	2018			2017
Payor A		15.7	%		13.5	%
Payor B		22.6	%		14.9	%
Payor C		*	%		10.2	%
Payor D		14.8	%		10.0	%

* Less than 10% of total net revenues

	For the Nine Months Ended September 30,
	2018			2017
Payor A		14.0	%		13.3	%
Payor B		19.2	%		18.6	%
Payor C		*	%		11.3	%
Payor D		14.0	%		11.5	%

* Less than 10% of total net revenues

The Company had major payors that contributed to the following percentage of receivables before the allowance for doubtful accounts:

	As of September 30, 2018			As of December 31, 2017
Payor E		19.6	%		23.8	%
Payor F		48.8	%		30.5	%

Fair Value Measurements, Recurring and Nonrecurring

The carrying amounts and fair values of the Company’s financial instruments as of September 30, 2018 are presented below:

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	87,479,604	$	-	$	-	$	87,479,604
Marketable securities – certificates of deposit		1,811,515		-		-		1,811,515
Marketable securities – equity securities		75,787		-		-		75,787
Total	$	89,366,906	$	-	$	-	$	89,366,906

The carrying amounts and fair values of the Company’s financial instruments as of December 31, 2017 are presented below:

	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Assets
Money market funds*	$	41,231,405	$	-	$	-	$	41,231,405
Marketable securities – certificates of deposit		1,057,090		-		-		1,057,090
Marketable securities – equity securities		86,005		-		-		86,005
Total	$	42,374,500	$	-	$	-	$	42,374,500

* Included in cash and cash equivalents

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation

The following summarizes activity of Level 3 inputs measured on a recurring basis for the three and nine months ended September 30, 2017:

	Derivative Assets (Warrants)
Balance at July 1, 2017	$	5,466,665
Change in fair value of warrants		(406,665	)
Balance at September 30, 2017	$	5,060,000

	Derivative Assets (Warrants)
Balance at January 1, 2017	$	5,338,886
Change in fair value of warrants		(278,886	)
Balance at September 30, 2017	$	5,060,000