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Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 21,767,634 $ 24,783,029
Accounts receivable, net 170,302 84,258
Inventory, net 223,008 208,270
Other current assets 567,300 555,853
Total current assets 22,728,244 25,631,410
Property and equipment, at cost:    
Leasehold improvements 1,195,637 1,155,332
Office equipment 99,344 99,344
Furniture and fixtures 424,947 424,947
Machinery and equipment 2,287,126 2,261,793
Construction in progress 434,443 379,713
Property and equipment, gross 4,441,497 4,321,129
Less accumulated depreciation (2,854,315) (2,722,117)
Net property and equipment 1,587,182 1,599,012
Long-term assets:    
Lease right-of-use assets, net 574,943 665,747
Intangible assets, net of accumulated amortization 17,663 25,093
Other long-term assets 625,418 655,418
Total long-term assets 1,218,024 1,346,258
Total assets 25,533,450 28,576,680
Current liabilities:    
Accounts payable 548,377 445,522
Accrued expenses 565,228 603,787
Clinical holdback - current portion 36,238 18,947
Note payable - current portion 45,666 181,123
Lease liabilities - current portion 400,620 406,674
Other - current 36,037 36,037
Total current liabilities 1,632,166 1,692,090
Long-term liabilities:    
Clinical holdback - long-term portion 102,502 149,791
Lease liabilities - long-term portion 305,071 402,417
Total long-term liabilities 407,573 552,208
Total liabilities 2,039,739 2,244,298
Commitments and contingencies
Stockholders' equity:    
Common stock, $.001 par, 200,000,000 authorized, 11,921,388 shares issued and 11,804,165 outstanding as of March 31, 2022 and December 31, 2021 11,921 11,921
Treasury stock, 117,223 shares (60,000) (60,000)
Warrants 702,492 702,492
Additional paid-in-capital 108,462,663 108,418,304
Accumulated deficit (85,623,365) (82,740,335)
Total stockholders' equity 23,493,711 26,332,382
Total liabilities and stockholders' equity $ 25,533,450 $ 28,576,680