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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,847,171 $ 4,117,324
Accounts receivable, net 809,540 542,420
Inventory, net 533,425 692,368
Prepaid expenses and other current assets 311,644 329,646
Total current assets 3,501,780 5,681,758
Property and equipment, net 835,537 800,723
Goodwill 600,814 600,814
Intangible assets, net 1,353,182 1,620,998
Other noncurrent assets 328,601 279,752
Total assets 6,619,914 8,984,045
Current liabilities    
Accounts payable 1,691,712 2,232,563
Accrued compensation and benefits 746,924 578,480
Accrued liabilities 1,160,714 1,215,283
Deferred revenue 24,442 37,397
Short-term notes payable 1,010,961 1,023,815
Current maturities of long-term capital lease obligation 154,839 184,399
Total current liabilities 4,789,592 5,271,937
Deferred rent 290,719 398,084
Warrant liability 8,453 0
Long-term capital lease obligation and other noncurrent liabilities 130,153 146,543
Total liabilities 5,218,917 5,816,564
Commitments (Note 8)
Stockholders' equity    
Common stock, $0.01 par value; 200,000,000 shares authorized; 2,265,320 and 1,012,171 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 22,653 10,122
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at December 31, 2017 and December 31, 2016, respectively 0 0
Additional paid-in capital 150,114,671 136,442,302
Accumulated other comprehensive (loss)/income (25,900) 6,176
Accumulated deficit (148,710,427) (133,291,119)
Total stockholders’ equity 1,400,997 3,167,481
Total liabilities and stockholders’ equity $ 6,619,914 $ 8,984,045