XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 12,942,507 $ 15,524,378
Accounts receivable, net 1,692,573 1,960,037
Inventories, net 1,028,767 808,308
Prepaid expenses and other current assets 940,929 799,164
Total Current Assets 16,604,776 19,091,887
Operating lease assets with right of use 781,917 632,906
Equipment, net 279,538 275,289
Investment in Jiangxi Myomo Medical Assistive Appliance Co. Ltd. 199,000  
Other assets 111,409 95,330
Total Assets 17,976,640 20,095,412
Current Liabilities:    
Accounts payable and accrued expenses 4,240,213 3,949,784
Current operating lease liability 410,497 333,380
Deferred revenue 1,899 249
Total Current Liabilities 4,652,609 4,283,413
Deferred revenue 1,246 1,246
Non-current operating lease liability 453,073 401,622
Total Liabilities 5,106,928 4,686,281
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued or outstanding
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 688 687
Additional paid-in capital 93,804,076 93,537,807
Accumulated other comprehensive loss (51,432) (60,677)
Accumulated deficit (80,877,156) (78,062,222)
Treasury stock, 27 shares at cost (6,464) (6,464)
Total Stockholders’ Equity 12,869,712 15,409,131
Total Liabilities and Stockholders’ Equity $ 17,976,640 $ 20,095,412