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Condensed Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 7,510,493 $ 3,293,983
Short-term investments available-for-sale, at fair value 15,405,414 28,201,507
Accounts receivable 1,911,394 716,246
Inventory, net of allowance of $375,861 at June 30, 2016 and $284,319 at December 31, 2015 2,213,108 2,201,301
Prepaid insurance 236,126 234,777
Prepaid royalties 181,250  
Prepaid expenses and other 256,564 210,440
Total current assets 27,714,349 34,858,254
Long-term investments available-for-sale, at fair value   2,603,901
Property and equipment, net 3,957,952 1,932,213
Total assets 31,672,301 39,394,368
Current liabilities:    
Accounts payable 1,607,044 724,805
Accrued liabilities 1,639,534 1,915,268
Deferred revenue 183,707 47,476
NuvoGen obligation 762,500 543,750
Term loan 6,122,450 3,059,068
Other current liabilities 264,578 29,243
Total current liabilities 10,579,813 6,319,610
Term loan payable - non-current, net of discount and debt issuance costs 8,368,215 7,737,586
NuvoGen obligation - non-current, net of discount 8,119,589 8,415,122
Other 587,034 28,652
Total liabilities 27,654,651 22,500,970
Commitments and Contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 200,000,000 shares authorized at June 30, 2016 and December 31, 2015, 7,052,353 and 7,050,957 shares issued and outstanding, respectively, at June 30, 2016, 6,845,638 and 6,844,242 shares issued and outstanding, respectively, at December 31, 2015 7,051 6,844
Additional paid-in-capital 107,527,604 106,569,405
Treasury stock – 1,396 shares, at cost (75,000) (75,000)
Accumulated other comprehensive income (loss) 2,516 (41,357)
Accumulated deficit (103,444,521) (89,566,494)
Total stockholders’ equity 4,017,650 16,893,398
Total liabilities and stockholders' equity $ 31,672,301 $ 39,394,368