XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 211,683 $ 4,117,324
Accounts receivable, net 411,762 542,420
Inventory, net 578,903 692,368
Prepaid expenses and other current assets 423,477 329,646
Total current assets 1,625,825 5,681,758
Property and equipment, net 784,333 800,723
Deferred offering costs 179,150 0
Goodwill 600,814 600,814
Intangible assets, net 1,487,090 1,620,998
Other noncurrent assets 313,828 279,752
Total assets 4,991,040 8,984,045
Current liabilities    
Accounts payable 2,907,190 2,232,563
Accrued compensation and benefits 798,069 578,480
Accrued liabilities 972,632 1,215,283
Deferred revenue 37,760 37,397
Short-term notes payable 629,702 1,023,815
Current maturities of long-term capital lease obligation 168,831 184,399
Total current liabilities 5,514,184 5,271,937
Deferred rent 347,648 398,084
Warrant liability 89,291 0
Note payable 904,475 0
Long-term capital lease obligation and other noncurrent liabilities 273,208 146,543
Total liabilities 7,128,806 5,816,564
Commitments (Note 8)
Stockholders' (deficit) equity    
Common stock, $0.01 par value; 200,000,000 shares authorized; 29,365,741 and 25,304,270 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 293,657 253,042
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at June 30, 2017 and December 31, 2016, respectively 0 0
Additional paid-in capital 140,047,090 136,199,382
Accumulated other comprehensive (loss)/income (1,415) 6,176
Accumulated deficit (142,477,098) (133,291,119)
Total stockholders’ (deficit) equity (2,137,766) 3,167,481
Total liabilities and stockholders’ (deficit) equity $ 4,991,040 $ 8,984,045