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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,670,311 $ 4,117,324
Accounts receivable, net 379,246 542,420
Inventory, net 642,961 692,368
Prepaid expenses and other current assets 267,971 329,646
Total current assets 2,960,489 5,681,758
Property and equipment, net 743,521 800,723
Goodwill 600,814 600,814
Intangible assets, net 1,554,044 1,620,998
Other noncurrent assets 298,081 279,752
Total assets 6,156,949 8,984,045
Current liabilities    
Accounts payable 2,017,202 2,232,563
Accrued compensation and benefits 1,019,962 578,480
Accrued liabilities 883,105 1,215,283
Deferred revenue 31,233 37,397
Short-term notes payable 998,958 1,023,815
Current maturities of long-term capital lease obligation 170,297 184,399
Total current liabilities 5,120,757 5,271,937
Deferred rent 374,194 398,084
Long-term capital lease obligation and other noncurrent liabilities 107,940 146,543
Total liabilities 5,602,891 5,816,564
Commitments (Note 8)
Stockholders' equity    
Common stock, $0.01 par value; 200,000,000 shares authorized; 27,377,490 and 25,304,270 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 273,775 253,042
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at March 31, 2017 and December 31, 2016, respectively 0 0
Additional paid-in capital 138,546,915 136,199,382
Accumulated other comprehensive income 2,419 6,176
Accumulated deficit (138,269,051) (133,291,119)
Total stockholders’ equity 554,058 3,167,481
Total liabilities and stockholders’ equity $ 6,156,949 $ 8,984,045