XML 15 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 11,683,729 $ 12,959,373
Accounts receivable 384,951 297,039
Inventories, net 247,624 201,155
Prepaid expenses and other 462,782 388,275
Total Current Assets 12,779,086 13,845,842
Restricted cash 75,000 52,000
Deferred Offering Costs 49,042  
Equipment, net 163,849 77,150
Total Assets 13,066,977 13,974,992
Current Liabilities:    
Accounts payable and other accrued expenses 1,399,335 1,277,236
Derivative liabilities 21,962 39,930
Deferred revenue 149,086 168,006
Total Current Liabilities 1,570,383 1,485,172
Deferred revenue, net of current portion 45,496 44,042
Total Liabilities 1,615,879 1,529,214
Commitments and Contingencies
Stockholders’ Equity:    
Common stock par value $0.0001 per share 100,000,000 shares authorized; 12,414,958 and 11,139,667 shares issued as June 30, 2018 and December 31, 2017, respectively, and 12,414,150 and 11,138,859 shares outstanding as of June 30, 2018 and December 31, 2017, respectively. 1,241 1,114
Undesignated preferred stock par value $0.0001 per share; 25,000,000 authorized at June 30, 2018 and December 31, 2017, respectively. No shares issued or outstanding.
Additional paid-in capital 51,404,071 47,423,915
Accumulated deficit (39,947,750) (34,972,787)
Treasury stock, at cost; 808 shares of common stock at June 30, 2018 and December 31, 2017. (6,464) (6,464)
Total Stockholders’ Equity 11,451,098 12,445,778
Total Liabilities and Stockholders’ Equity $ 13,066,977 $ 13,974,992