XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 10,235,914 $ 15,524,378
Accounts receivable, net 1,357,477 1,960,037
Inventories, net 1,260,936 808,308
Prepaid expenses and other current assets 451,100 799,164
Total Current Assets 13,305,427 19,091,887
Operating lease assets with right of use 695,933 632,906
Equipment, net 283,317 275,289
Investment in Jiangxi Myomo Medical Assistive Appliance Co. Ltd. 165,792 0
Other assets 111,034 95,330
Total Assets 14,561,503 20,095,412
Current Liabilities:    
Accounts payable and accrued expenses 3,445,339 3,949,784
Current operating lease liability 436,694 333,380
Deferred revenue 2,211 249
Total Current Liabilities 3,884,244 4,283,413
Deferred revenue, net of current portion 934 1,246
Non-current operating lease liability 328,729 401,622
Total Liabilities 4,213,907 4,686,281
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock par value $0.0001 per share, 65,000,000 shares authorized; 6,879,904 and 6,869,753 shares issued as of March 31, 2022 and December 31, 2021, respectively; and 6,879,877 and 6,869,726 shares outstanding at March 31, 2022 and December 31, 2021, respectively 698 687
Additional paid-in capital 94,149,289 93,537,807
Accumulated other comprehensive loss (9,849) (60,677)
Accumulated deficit (83,786,078) (78,062,222)
Treasury stock, 27 shares at cost (6,464) (6,464)
Total Stockholders’ Equity 10,347,596 15,409,131
Total Liabilities and Stockholders’ Equity $ 14,561,503 $ 20,095,412