XML 19 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 24,783,029 $ 3,322,226
Accounts receivable, net 84,258 125,790
Inventory, net 208,270 131,378
Other current assets 555,853 284,115
Total current assets 25,631,410 3,863,509
Property and equipment, at cost:    
Leasehold improvements 1,155,332 1,155,332
Office equipment 99,344 64,145
Furniture and fixtures 424,947 424,947
Machinery and equipment 2,261,793 2,242,088
Construction in progress 379,713 139,150
Property and equipment, gross 4,321,129 4,025,662
Less accumulated depreciation (2,722,117) (2,197,868)
Net property and equipment 1,599,012 1,827,794
Long-term assets:    
Lease right-of-use assets, net 665,747 1,057,506
Intangible assets, net of accumulated amortization 25,093 65,069
Other long-term assets 655,418 792,440
Total long-term assets 1,346,258 1,915,015
Total assets 28,576,680 7,606,318
Current liabilities:    
Accounts payable 445,522 674,333
Accrued expenses 603,787 1,117,601
Clinical holdback - current portion 18,947 0
Note payable - current portion 181,123 630,010
Lease liabilities - current portion 406,674 434,072
Other - current 36,037 32,895
Total current liabilities 1,692,090 2,888,911
Long-term liabilities:    
Clinical holdback - long-term portion 149,791 164,972
Note payable - long-term portion 0 182,490
Lease liabilities - long-term portion 402,417 809,092
Other - long-term 0 32,895
Total long-term liabilities 552,208 1,189,449
Total liabilities 2,244,298 4,078,360
Commitments and contingencies
Redeemable convertible preferred stock:    
Preferred stock   55,343,686
Stockholders' equity (deficit):    
Common stock, $.001 par, 200,000,000 authorized,11,921,388 shares issued and 11,804,165 outstanding as of December 31, 2021; and 95,583,558 authorized, 1,110,347 shares issued and 993,124 outstanding as of December 31, 2020 11,921 1,110
Treasury stock, 117,223 shares (60,000) (60,000)
Warrants 702,492 702,492
Additional paid-in-capital 108,418,304 22,725,949
Accumulated other comprehensive loss, net of tax 0 0
Accumulated deficit (82,740,335) (75,202,490)
Total stockholders' equity (deficit) 26,332,382 (51,815,728)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) 28,576,680 7,606,318
Series B Preferred Stock [Member]    
Redeemable convertible preferred stock:    
Preferred stock 0 10,748,873
Series C Preferred Stock [Member]    
Redeemable convertible preferred stock:    
Preferred stock 0 44,594,813
Series A Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock, Series A, $.001 par, none authorized, issued and outstanding as of December 31, 2021; 17,310,609 shares authorized, and 17,210,609 shares issued and outstanding as of December 31, 2020 $ 0 $ 17,211