XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income (loss) $ (2,122,820) $ 1,435,229
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation 24,912 140,465
Amortization of intangibles 16,497
Amortization of deferred finance costs 24,657
Amortization of right-of-use asset 567,857
Share-based compensation 147,923 216,586
Adjustment of warrants (2,590,361)
Changes in operating assets and liabilities:    
Accounts receivable (218,359) (2,350,333)
Inventories (117,468) (299,603)
Prepaid expenses and other current assets 189,686 97,206
Other assets 41,194 (57,059)
Accounts payable 656,870 165,322
Accrued liabilities (368,794) (247,570)
Deferred revenue (182,265) 1,382,082
Operating lease liability (567,857)
Other liabilities 172,180 45,497
Net cash used in operating activities (1,776,941) (2,021,385)
Cash flows from investing activities    
Purchase of fixed assets (9,833) (9,990)
Net cash used in investing activities (9,833) (9,990)
Cash flows from financing activities    
Proceeds from issuance of stock, net of issuance costs 31,518 13,622
Proceeds from warrant exercise 9,945,164
Net cash provided by financing activities 31,518 9,958,786
Net increase (decrease) in cash and cash equivalents (1,755,256) 7,927,411
Cash and cash equivalents at beginning of period 10,796,072 3,686,302
Cash and cash equivalents at end of period $ 9,040,816 $ 11,613,713