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Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 8,692,435 $ 12,961,936
Accounts receivable, net 103,556 77,470
Inventory, net 602,668 436,723
Other current assets 826,373 655,362
Total current assets 10,225,032 14,131,491
Property and equipment, at cost:    
Leasehold improvements 1,195,637 1,195,637
Office equipment 99,344 99,344
Furniture and fixtures 419,303 419,303
Machinery and equipment 2,645,609 2,572,243
Construction in progress 394,957 413,843
Property and equipment, gross 4,754,850 4,700,370
Less accumulated depreciation (3,594,300) (3,217,319)
Net property and equipment 1,160,550 1,483,051
Long-term assets:    
Lease right-of-use assets, net 2,530,571 319,557
Intangible assets, net of accumulated amortization 388 3,294
Other long-term assets 936,996 958,177
Total long-term assets 3,467,955 1,281,028
Total assets 14,853,537 16,895,570
Current liabilities:    
Accounts payable 851,877 510,758
Accrued expenses 569,442 456,714
Note payable 283,334 141,298
Clinical holdback - current portion 72,075 45,206
Lease liabilities - current portion 410,219 373,833
Total current liabilities 2,186,947 1,527,809
Long-term liabilities:    
Clinical holdback - long-term portion 54,019 96,658
Lease liabilities - long-term portion 2,168,969 28,584
Total long-term liabilities 2,222,988 125,242
Total liabilities 4,409,935 1,653,051
Commitments and contingencies
Stockholders' equity:    
Common stock, $.001 par, 200,000,000 authorized, 16,110,092 shares issued and 15,992,869 outstanding as of September 30, 2023; and 11,986,927 shares issued and 11,869,704 outstanding as of December 31, 2022 16,110 11,987
Treasury stock, 117,223 shares (60,000) (60,000)
Warrants 1,581,608 567,972
Additional paid-in-capital 112,877,059 108,857,065
Accumulated deficit (103,971,175) (94,134,505)
Total stockholders' equity 10,443,602 15,242,519
Total liabilities and stockholders' equity $ 14,853,537 $ 16,895,570