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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net Loss $ (3,032,771) $ (2,648,073)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 14,292 12,346
Stock-based compensation expense for services 327,997
Stock-based option compensation expense 1,635,458 1,361,398
Changes in operating assets and liabilities:    
Accounts receivable, net (4,284,156) (1,275,212)
Inventories net (2,105,226) 216,575
Prepaid expenses and other current assets (2,130,941) (271,267)
Accounts payable and accrued expenses 6,656,778 (95,427)
Accrued preferred dividends (151,667) (152,197)
Deferred revenue and other current liabilities (161,624) 511,479
Net cash provided by (used in) in operating activities (3,231,860) (2,340,378)
Cash flows from investing activities:    
Purchase of property and equipment (30,716) (27,535)
Net cash (used in) investing activities (30,716) (27,535)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 9,999,948
Proceeds from exercise of stock options 934,073 5,300
Net cash provided by financing activities 10,934,021 5,300
Net increase (decrease) in cash 7,671,445 (2,362,613)
Cash at beginning of the period 11,747,138 10,128,320
Cash at end of the period 19,418,583 7,765,707
Cash paid during period for:    
Interest 137,014 113,750
Income Taxes
Non-cash investing and financing activities:    
Accrued preferred dividends 273,743 276,238
Conversion of convertible note to common shares, related-party $ 1,000,000