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Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 12,961,936 $ 24,783,029
Accounts receivable, net 77,470 84,258
Inventory, net 436,723 208,270
Other current assets 655,362 555,853
Total current assets 14,131,491 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 419,303 424,947
Machinery and equipment 2,572,243 2,261,793
Construction in progress 413,843 379,713
Property and equipment, gross 4,700,370 4,321,129
Less accumulated depreciation (3,217,319) (2,722,117)
Net property and equipment 1,483,051 1,599,012
Long-term assets:    
Lease right-of-use assets, net 319,557 665,747
Intangible assets, net of accumulated amortization 3,294 25,093
Other long-term assets 958,177 655,418
Total long-term assets 1,281,028 1,346,258
Total assets 16,895,570 28,576,680
Current liabilities:    
Accounts payable 510,758 445,522
Accrued expenses 456,714 603,787
Clinical holdback - current portion 45,206 18,947
Note payable - current portion 141,298 181,123
Lease liabilities - current portion 373,833 406,674
Other - current 0 36,037
Total current liabilities 1,527,809 1,692,090
Long-term liabilities:    
Clinical holdback - long-term portion 96,658 149,791
Lease liabilities - long-term portion 28,584 402,417
Total long-term liabilities 125,242 552,208
Total liabilities 1,653,051 2,244,298
Commitments and contingencies
Stockholders' equity:    
Common stock, $.001 par, 200,000,000 authorized, 11,986,927 shares issued and 11,869,704 outstanding as of December 31, 2022; and 11,921,388 shares issued and 11,804,165 outstanding as of December 31, 2021 11,987 11,921
Treasury stock, 117,223 shares (60,000) (60,000)
Warrants 567,972 702,492
Additional paid-in-capital 108,857,065 108,418,304
Accumulated deficit (94,134,505) (82,740,335)
Total stockholders' equity 15,242,519 26,332,382
Total liabilities and stockholders' equity $ 16,895,570 $ 28,576,680