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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 4,117,324 $ 7,814,220
Accounts receivable, net 542,420 678,646
Inventory, net 692,368 826,012
Prepaid expenses and other current assets 329,646 566,239
Total current assets 5,681,758 9,885,117
Property and equipment, net 800,723 1,074,710
Goodwill 600,814 637,528
Intangible assets, net 1,620,998 1,888,814
Other noncurrent assets 279,752 270,327
Total assets 8,984,045 13,756,496
Current liabilities    
Accounts payable 2,232,563 2,285,792
Accrued compensation and benefits 578,480 1,081,270
Accrued liabilities 1,215,283 920,286
Deferred revenue 37,397 50,925
Short-term notes payable 1,023,815 0
Current maturities of long-term capital lease obligation 184,399 251,800
Total current liabilities 5,271,937 4,590,073
Deferred rent 398,084 352,985
Note payable 0 993,750
Long-term capital lease obligation and other noncurrent liabilities 146,543 328,642
Total liabilities 5,816,564 6,265,450
Commitments (Note 10)
Stockholders' equity    
Common stock, $0.01 par value; 200,000,000 shares authorized; 25,304,270 and 12,547,684 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively 253,042 125,477
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at December 31, 2016 and December 31, 2015, respectively 0 0
Additional paid-in capital 136,199,382 121,490,994
Accumulated other comprehensive income/(loss) 6,176 (1,059)
Accumulated deficit (133,291,119) (114,124,366)
Total stockholders’ equity 3,167,481 7,491,046
Total liabilities and stockholders’ equity $ 8,984,045 $ 13,756,496