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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 14,614,427 $ 9,599,950
Short-term investments available-for-sale, at fair value 6,948,584 12,343,456
Accounts receivable, net of allowance of $20,315 at March 31, 2022 and December 31, 2021 749,220 2,092,466
Inventory, net of allowance of $79,339 at March 31, 2022 and $25,306 at December 31, 2021 2,022,478 1,987,753
Prepaid expenses and other 1,082,135 1,163,339
Total current assets 25,416,844 27,186,964
Operating lease right-of-use assets 1,245,045 1,345,361
Property and equipment, net 941,809 1,118,886
Other non-current assets 860,604 809,476
Total assets 28,464,302 30,460,687
Current liabilities:    
Accounts payable 1,317,009 1,649,440
Accrued liabilities 1,024,984 2,022,569
Current portion of long-term debt 5,000,000 5,167,586
NuvoGen obligation - current 548,301 548,301
Operating lease liabilities - current 423,111 413,865
Other current liabilities 181,088 141,749
Total current liabilities 8,494,493 9,943,510
NuvoGen obligation - non-current, net of discount 3,725,273 3,900,880
Long-term debt, net of current portion, discount and debt issuance costs 4,046,356 5,178,629
Other non-current liabilities 929,706 1,037,844
Total liabilities 17,195,828 20,060,863
Commitments and Contingencies (Note 15)
Stockholders’ equity:    
Series A convertible preferred stock, $0.001 par value; no shares authorized, issued and outstanding at March 31, 2022; 23,770 shares authorized, issued and outstanding at December 31, 2021   24
Common stock, $0.001 par value; 26,666,667 shares authorized at March 31, 2022 and December 31, 2021, 8,583,253 shares issued and outstanding at March 31, 2022 and 7,588,085 shares issued and outstanding at December 31, 2021 8,583 7,588
Additional paid-in-capital 226,090,840 218,723,349
Accumulated other comprehensive income (loss) (399) 1,894
Accumulated deficit (214,830,550) (208,333,031)
Total stockholders’ equity 11,268,474 10,399,824
Total liabilities and stockholders' equity $ 28,464,302 $ 30,460,687