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Condensed Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 4,922,696 $ 3,293,983
Short-term investments available-for-sale, at fair value 25,231,370 28,201,507
Accounts receivable, net 574,566 716,246
Inventory, net of allowance of $302,556 at March 31, 2016 and $284,319 at December 31, 2015 2,365,962 2,201,301
Prepaid insurance 61,008 234,777
Prepaid expenses and other 264,671 210,440
Total current assets 33,420,273 34,858,254
Long-term investments available-for-sale, at fair value 2,620,676 2,603,901
Property and equipment, net 3,712,294 1,932,213
Total assets 39,753,243 39,394,368
Current liabilities:    
Accounts payable 2,231,788 724,805
Accrued liabilities 1,250,849 1,915,268
Deferred revenue 25,448 47,476
NuvoGen obligation 743,750 543,750
Term loan 5,993,009 3,059,068
Other current liabilities 234,044 29,243
Total current liabilities 10,478,888 6,319,610
Term loan payable - non-current, net of discount and debt issuance costs 9,784,163 7,737,586
NuvoGen obligation - non-current, net of discount 8,267,204 8,415,122
Other 659,245 28,652
Total liabilities $ 29,189,500 $ 22,500,970
Commitments and Contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2016 and December 31, 2015, 7,006,317 and 7,004,921 shares issued and outstanding, respectively, at March 31, 2016, 6,845,638 and 6,844,242 shares issued and outstanding, respectively, at December 31, 2015 $ 7,005 $ 6,844
Additional paid-in-capital 107,226,662 106,569,405
Treasury stock – 1,396 shares, at cost (75,000) (75,000)
Accumulated other comprehensive loss (2,006) (41,357)
Accumulated deficit (96,592,918) (89,566,494)
Total stockholders’ equity 10,563,743 16,893,398
Total liabilities and stockholders' equity $ 39,753,243 $ 39,394,368