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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 5,959,314 $ 8,148,599
Accounts receivable, net of allowance for doubtful accounts of $2,404,659 and $2,204,177 at December 31, 2013 and September 30, 2014, respectively. 6,889,100 6,225,923
Prepaid expenses and other current assets 996,977 981,908
Total current assets 13,845,391 15,356,430
Property and equipment, net 1,536,780 1,934,582
Intangible assets, net 679,975 767,223
Deferred financing costs, net 202,476 0
Total assets 16,264,622 18,058,235
Current liabilities    
Accounts payable 1,399,023 1,694,312
Accrued expenses 409,861 666,675
Accrued interest 200,813 0
Accrued royalties 1,169,763 1,293,717
Accrued payroll and related liabilities 1,418,424 1,850,923
Capital lease obligation, current portion 92,505 157,238
Total current liabilities 4,690,389 5,662,865
Capital lease obligation, net of current portion 124,690 136,419
Line of credit, non-current 1,500,000 1,000,000
Loan, net of debt discount, non-current 7,939,843 0
Total liabilities 14,254,922 6,799,284
Commitments and contingencies (Note 5)      
Common stock classified outside of stockholders’ equity 0 5,500,000
Stockholders’ equity    
Common stock, $0.01 par value; 70,000,000 shares authorized; 38,712,896 and 38,732,896 shares issued and outstanding at December 31, 2013 and September 30, 2014, respectively 387,385 337,185
Additional paid-in capital 77,495,796 70,986,406
Accumulated deficit (75,584,477) (65,297,179)
Accumulated other comprehensive loss (289,004) (267,461)
Total stockholders' equity 2,009,700 5,758,951
Total liabilities, common stock classified outside of stockholders' equity and stockholders' equity $ 16,264,622 $ 18,058,235