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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 10,403,697 $ 7,619,748
Short-term investments available-for-sale, at fair value 21,554,318 25,410,222
Restricted cash 3,270,247 3,270,247
Accounts receivable 1,202,469 3,164,176
Inventory, net of allowance of $39,403 at both March 31, 2020 and December 31, 2019 1,637,898 1,269,667
Prepaid expenses and other 525,647 633,522
Total current assets 38,594,276 41,367,582
Operating lease right-of-use assets 1,039,045 1,209,145
Property and equipment, net 2,169,663 2,240,133
Other non-current assets 123,086 302,409
Total assets 41,926,070 45,119,269
Current liabilities:    
Accounts payable 1,666,819 1,662,583
Accrued liabilities 1,195,827 1,870,296
Contract liabilities - current 409,449 426,014
NuvoGen obligation - current 1,093,592 1,152,233
MidCap Term Loan payable - current 280,000  
Convertible note - current, net of debt issuance costs 2,991,031 2,987,667
Operating lease liabilities - current 696,301 758,932
Other current liabilities 36,205 41,134
Total current liabilities 8,369,224 8,898,859
NuvoGen obligation - non-current, net of discount 4,265,991 4,498,777
MidCap Term Loan payable - non-current, net of discount and debt issuance costs 6,629,972 6,871,545
Operating lease liabilities - non-current 512,718 636,340
Other non-current liabilities 234,981 244,114
Total liabilities 20,012,886 21,149,635
Commitments and Contingencies (Note 15)
Stockholders’ equity:    
Series A convertible preferred stock, $0.001 par value; 51,270 shares authorized as of March 31, 2020 and zero shares authorized as of December 31, 2019; 51,270 shares issued and outstanding as of March 31, 2020 and no shares issued and outstanding as of December 31, 2019 51  
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2020 and December 31, 2019, 62,196,117 shares issued and outstanding at March 31, 2020 and 58,090,233 shares issued and outstanding at December 31, 2019 62,196 58,090
Additional paid-in-capital 197,578,248 194,234,151
Accumulated other comprehensive income (loss) 48,230 (4,964)
Accumulated deficit (175,775,541) (170,317,643)
Total stockholders’ equity 21,913,184 23,969,634
Total liabilities and stockholders' equity $ 41,926,070 $ 45,119,269