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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 9,599,950 $ 22,397,812
Short-term investments available-for-sale, at fair value 12,343,456 6,298,075
Accounts receivable, net of allowance of $20,315 at December 31, 2021 and $0 at December 31, 2020 2,092,466 1,588,767
Inventory, net of allowance of $25,306 at December 31, 2021 and $26,052 at December 31, 2020 – current 1,987,753 1,492,126
Prepaid expenses and other 1,163,339 1,094,273
Total current assets 27,186,964 32,871,053
Operating lease right-of-use assets 1,345,361 1,009,097
Property and equipment, net 1,118,886 1,227,402
Other non-current assets 809,476 90,356
Total assets 30,460,687 35,197,908
Current liabilities:    
Accounts payable 1,649,440 1,348,762
Accrued liabilities 2,022,569 1,459,878
Contract liabilities – current 124,941 185,083
NuvoGen obligation – current 548,301 512,729
Current portion of long-term debt 5,167,586 3,022,139
Operating lease liabilities – current 413,865 685,220
Other current liabilities 16,808 22,563
Total current liabilities 9,943,510 7,236,374
NuvoGen obligation - non-current, net of discount 3,900,880 4,479,396
Long-term debt, net of current portion, discount and debt issuance costs 5,178,629 8,568,308
Operating lease liabilities - non-current 949,461 368,682
Other non-current liabilities 88,383 60,488
Total liabilities 20,060,863 20,713,248
Commitments and Contingencies (Note 15)
Stockholders’ equity:    
Series A convertible preferred stock, $0.001 par value; 23,770 shares authorized, issued and outstanding at December 31, 2021 and 2020 24 24
Common stock, $0.001 par value; 26,666,667 shares authorized at December 31, 2021 and 2020, 7,588,085 shares issued and outstanding at December 31, 2021 and 5,199,997 shares issued and outstanding at December 31, 2020 7,588 5,200
Additional paid-in-capital 218,723,349 205,661,999
Accumulated other comprehensive income 1,894 5,298
Accumulated deficit (208,333,031) (191,187,861)
Total stockholders’ equity 10,399,824 14,484,660
Total liabilities and stockholders' equity $ 30,460,687 $ 35,197,908