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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 626,420 $ 4,572,487
Accounts receivable, net 377,284 373,858
Inventory, net 468,374 543,747
Prepaid expenses and other current assets 533,411 292,918
Total current assets 2,005,489 5,783,010
Property and equipment, net 201,762 1,221,827
Finance lease right-of-use assets, net 1,096,472 0
Operating lease right-of-use assets 1,214,482 0
Goodwill 600,814 600,814
Intangible assets, net 884,504 1,085,366
Other noncurrent assets 426,629 259,346
Total assets 6,430,152 8,950,363
Current liabilities    
Accounts payable 1,872,762 1,623,751
Accrued compensation and benefits 1,387,498 1,041,573
Accrued liabilities 1,040,562 902,019
Deferred revenue 9,808 15,824
Short-term notes payable 508,292 398,595
Short-term finance lease liabilities 627,620 399,345
Short-term operating lease liabilities 987,833 0
Total current liabilities 6,434,375 4,381,107
Deferred rent 0 162,919
Note payable 328,843 660,340
Warrant liability 0 67
Long-term finance lease liabilities 411,103 437,189
Long-term operating lease liabilities 812,801 0
Total liabilities 7,987,122 5,641,622
Commitments (Note 9)
Stockholders' equity (deficit)    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at September 30, 2019 and December 31, 2018, respectively 0 0
Common stock, $0.01 par value; 50,000,000 shares authorized; 882,268 and 432,286 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively [1] 8,823 4,323
Additional paid-in capital 170,449,216 165,396,036
Accumulated deficit (172,007,090) (162,078,525)
Accumulated other comprehensive loss (7,919) (13,093)
Total stockholders’ equity (deficit) (1,556,970) 3,308,741
Total liabilities and stockholders’ equity (deficit) $ 6,430,152 $ 8,950,363
[1] Reflects the 1-for-20 reverse stock split that became effective on August 29, 2019. Refer to Note 8 – Stockholders’ equity for further information.