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Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 43,595,829 $ 30,182,115
Compensating cash arrangement 250,295
Accounts receivable, net of allowance of $265,233 and $380,212 at 2020 and 2019, respectively 5,409,722 5,329,577
Inventories, net 2,846,051 1,847,530
Prepaid expenses and other current assets 1,774,792 1,470,922
Total current assets 53,876,689 38,830,144
Property and equipment, net 234,858 250,443
Operating lease right-of-use assets 2,764,022 4,286,064
Other assets 256,669 218,103
Total assets 57,132,238 43,584,754
Current liabilities:    
Short-term debt 457,244
Accounts payable 1,568,581 2,099,097
Accrued liabilities 2,956,130 2,721,104
Deferred revenue 6,189,796 5,092,455
Current portion of operating lease liabilities 2,275,436 2,248,189
Total current liabilities 13,447,187 12,160,845
Long-term debt 1,701,066
Long-term deferred revenue 569,475 554,258
Operating lease liabilities 540,536 2,089,537
Other liabilities 255,517 255,517
Total liabilities 16,513,781 15,060,157
Series A - Convertible preferred stock:    
Convertible preferred stock, Series A, par value $0.001; 22,513 and 23,110 shares outstanding at 2020 and 2019, respectively 5,605,323 5,758,190
Stockholders’ equity:    
Convertible preferred stock, Series B, par value $0.001; 10,000,000 shares authorized, 5,610,121 shares outstanding at 2020 and 2019 5,610 5,610
Common stock, par value $0.001; 300,000,000 shares authorized, 73,678,206 and 68,529,623 shares issued at 2020 and 2019, respectively 73,678 68,530
Additional paid in capital 521,918,228 504,211,040
Treasury stock, 4,015 shares at 2020 and 2019 (205,999) (205,999)
Accumulated deficit (486,778,383) (481,312,774)
Total stockholders’ equity 35,013,134 22,766,407
Total liabilities and stockholders’ equity $ 57,132,238 $ 43,584,754