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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Summary of Effect of Revision on Line Items Within Statement of Operations

The effect of this revision on the line items within the statement of operations for the three months ended March 31, 2019, the six months ended June 30, 2019, the nine months ended September 30, 2019 and the year ended December 31, 2019 was as follows:

 

 

 

Three Months Ended March 31, 2019

 

 

 

Previously

reported

 

 

Adjustments

 

 

As revised

 

Net loss attributable to common stockholders

 

$

(2,598,060

)

 

$

(797,637

)

 

$

(3,395,697

)

Net loss per share attributable to common stockholders

 

$

(5.22

)

 

$

(1.60

)

 

$

(6.82

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

Previously

reported

 

 

Adjustments

 

 

As revised

 

Net loss attributable to common stockholders

 

$

(5,163,387

)

 

$

(797,637

)

 

$

(5,961,024

)

Net loss per share attributable to common stockholders

 

$

(9.66

)

 

$

(1.49

)

 

$

(11.15

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2019

 

 

 

Previously

reported

 

 

Adjustments

 

 

As revised

 

Net loss attributable to common stockholders

 

$

(7,951,505

)

 

$

(797,637

)

 

$

(8,749,142

)

Net loss per share attributable to common stockholders

 

$

(14.53

)

 

$

(1.46

)

 

$

(15.99

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2019

 

 

 

Previously

reported

 

 

Adjustments

 

 

As revised

 

Net loss attributable to common stockholders

 

$

(10,713,009

)

 

$

(797,637

)

 

$

(11,510,646

)

Net loss per share attributable to common stockholders

 

$

(19.35

)

 

$

(1.44

)

 

$

(20.79

)

Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets that sum to the total of the same amounts shown in the condensed consolidated statements of cash flows.

 

 

 

September 30,

2020

 

 

December 31,

2019

 

Cash and cash equivalents

 

$

13,317,581

 

 

$

4,465,455

 

Restricted cash

 

 

75,000

 

 

 

75,000

 

Total cash, cash equivalents, and restricted cash

 

$

13,392,581

 

 

$

4,540,455

 

Summary of Accounts Payable and Other Accrued Expenses

Accounts Payable and Other Accrued Expenses:

 

 

 

September 30,

2020

 

 

December 31,

2019

 

Trade payables

 

$

331,876

 

 

$

450,101

 

Accrued compensation and benefits

 

 

1,251,351

 

 

 

889,583

 

Accrued professional services

 

 

119,058

 

 

 

142,804

 

Warranty reserve

 

 

154,722

 

 

 

81,981

 

Other

 

 

265,133

 

 

 

174,021

 

 

 

$

2,122,140

 

 

$

1,738,490

 

Summary of Revenue by Major Source

The following table presents revenue by major source:

 

 

 

For the Three Months

Ended September 30,

 

 

For the Nine Months

Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Clinical/Medical providers

 

$

612,207

 

 

$

405,914

 

 

$

1,433,276

 

 

$

1,837,667

 

Direct to patient

 

 

1,314,453

 

 

 

200,705

 

 

 

2,360,119

 

 

 

479,367

 

Total revenue from contracts with customer

 

$

1,926,660

 

 

$

606,619

 

 

$

3,793,395

 

 

$

2,317,034

 

 

Summary of Potential Common Shares Issuable

Potential common shares issuable consist of the following at:

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

Stock options

 

 

19,387

 

 

 

22,293

 

Restricted stock units

 

 

271,984

 

 

 

12,844

 

Restricted stock

 

 

122

 

 

 

342

 

Stock warrants

 

 

2,460,069

 

 

 

181,176

 

Total

 

 

2,751,562

 

 

 

216,655