XML 41 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 11,469,455 $ 2,708,223
Accounts receivable, net 165,931 567,811
Inventory, net 436,683 473,030
Note receivable 4,808,712 2,521,479
Prepaid expenses and other current assets 264,013 396,760
Total current assets 17,144,794 6,667,303
Property and equipment, net 102,579 130,759
Finance lease right-of-use assets, net 826,243 958,590
Operating lease right-of-use assets 885,882 1,043,537
Goodwill 600,814 600,814
Intangible assets, net 817,550
Other noncurrent assets 203,212 203,271
Total assets 19,763,524 10,421,824
Current liabilities    
Accounts payable 1,054,261 1,056,035
Accrued compensation and benefits 988,291 855,994
Accrued liabilities 1,047,019 1,046,661
Deferred revenue 9,808 9,808
Short-term notes payable 348,494 373,599
Short-term finance lease liabilities 517,042 579,030
Short-term operating lease liabilities 947,610 1,017,414
Total current liabilities 4,912,525 4,938,541
Note payable 163,401 329,456
Long-term finance lease liabilities 212,798 313,263
Long-term operating lease liabilities 392,106 547,225
Total liabilities 5,680,830 6,128,485
Commitments (Note 9)
Stockholders' equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at March 31, 2020 and December 31, 2019, respectively
Common stock, $0.01 par value; 50,000,000 shares authorized; 12,468,214 and 5,582,280 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 124,682 55,823
Additional paid-in capital 192,410,127 178,779,814
Accumulated deficit (178,474,277) (174,524,983)
Accumulated other comprehensive income (loss) 22,162 (17,315)
Total stockholders' equity 14,082,694 4,293,339
Total liabilities and stockholders' equity $ 19,763,524 $ 10,421,824