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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 4,260,905 $ 7,814,220
Accounts receivable, net 446,686 678,646
Inventory, net 830,205 826,012
Prepaid expenses and other current assets 478,683 566,239
Total current assets 6,016,479 9,885,117
Property and equipment, net 862,643 1,074,710
Goodwill 600,814 637,528
Intangible assets, net 1,687,952 1,888,814
Deferred offering costs 137,178 0
Other noncurrent assets 270,464 270,327
Total assets 9,575,530 13,756,496
Current liabilities    
Accounts payable 1,936,012 2,285,792
Accrued compensation and benefits 1,230,502 1,081,270
Accrued liabilities 1,155,317 920,286
Deferred revenue 64,424 50,925
Short term notes payable 1,099,974 0
Current maturities of long-term capital lease obligation 207,820 251,800
Total current liabilities 5,694,049 4,590,073
Deferred rent 421,913 352,985
Note payable 0 993,750
Long-term capital lease obligation and other noncurrent liabilities 184,391 328,642
Total liabilities 6,300,353 6,265,450
Stockholders' equity    
Common stock, $0.01 par value; 200,000,000 shares authorized; 21,690,555 and 12,547,684 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 216,905 125,477
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at September 30, 2016 and December 31, 2015, respectively 0 0
Additional paid-in capital 131,590,858 121,490,994
Accumulated other comprehensive gain/(loss) 0 (1,059)
Accumulated deficit (128,532,586) (114,124,366)
Total stockholders’ equity 3,275,177 7,491,046
Total liabilities and stockholders’ equity $ 9,575,530 $ 13,756,496