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Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 43,939,512 $ 30,182,115
Compensating cash arrangement 250,620
Accounts receivable, net of allowance of $123,614 and $380,212 at 2020 and 2019, respectively 3,515,136 5,329,577
Inventories, net 3,295,457 1,847,530
Prepaid expenses and other current assets 1,716,014 1,470,922
Total current assets 52,716,739 38,830,144
Property and equipment, net 195,129 250,443
Operating lease right-of-use assets 2,235,442 4,286,064
Other assets 308,515 218,103
Total assets 55,455,825 43,584,754
Current liabilities:    
Short-term debt 1,185,058
Accounts payable 1,608,636 2,099,097
Accrued liabilities 3,209,235 2,721,104
Deferred revenue 5,282,770 5,092,455
Current portion of operating lease liabilities 2,287,487 2,248,189
Total current liabilities 13,573,186 12,160,845
Long-term debt 973,252
Long-term deferred revenue 548,915 554,258
Operating lease liabilities 2,089,537
Other liabilities 131,231 255,517
Total liabilities 15,226,584 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, 73,694,203 and 68,529,623 shares issued at 2020 and 2019, respectively 73,694 68,530
Additional paid in capital 522,709,846 504,211,040
Treasury stock, 4,015 shares at 2020 and 2019 (205,999) (205,999)
Accumulated deficit (487,959,233) (481,312,774)
Total stockholders’ equity 34,623,918 22,766,407
Total liabilities and stockholders’ equity $ 55,455,825 $ 43,584,754