XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,813,589 $ 8,432,600
Short-term investments available-for-sale, at fair value 9,753,727 22,681,049
Accounts receivable 3,981,103 5,012,678
Inventory, net of allowance of $39,403 at both June 30, 2019 and December 31, 2018 1,160,682 1,306,609
Prepaid expenses and other 1,069,180 568,209
Total current assets 27,778,281 38,001,145
Restricted cash 3,270,247 3,270,247
Deferred offering costs 198,088 59,030
Deferred MidCap revolving loan costs 59,086 67,068
Operating lease right-of-use assets 1,394,664  
Property and equipment, net 2,424,625 2,373,790
Total assets 35,124,991 43,771,280
Current liabilities:    
Accounts payable 3,357,343 1,849,921
Accrued liabilities 1,499,510 3,358,465
Contract liabilities - current 486,994 332,711
NuvoGen obligation - current 1,286,152 1,290,234
MidCap Term Loan payable - current 583,333  
Operating lease liabilities - current 682,863  
Other current liabilities 63,344 186,043
Total current liabilities 7,959,539 7,017,374
NuvoGen obligation - non-current, net of discount 5,044,263 5,702,519
Convertible note, related party - net of debt issuance costs 2,980,940 2,974,213
MidCap Term Loan payable – non-current, net of discount and debt issuance costs 6,194,422 6,704,641
Operating lease liabilities - non-current 976,786  
Other non-current liabilities 299,049 280,471
Total liabilities 23,454,999 22,679,218
Commitments and Contingencies (Note 16)
Stockholders’ equity:    
Common stock, $0.001 par value; 200,000,000 shares authorized at June 30, 2019 and December 31, 2018, 28,707,047 shares issued and outstanding at June 30, 2019 and 28,585,449 shares issued and outstanding at December 31, 2018 28,707 28,585
Additional paid-in-capital 172,831,416 172,086,909
Accumulated other comprehensive loss (2,036) (3,453)
Accumulated deficit (161,188,095) (151,019,979)
Total stockholders’ equity 11,669,992 21,092,062
Total liabilities and stockholders’ equity $ 35,124,991 $ 43,771,280