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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 48,251,336 $ 30,980,473
Accounts receivable 8,910,975 7,218,367
Prepaid expenses and other current assets 1,936,842 1,055,816
Total current assets 59,099,153 39,254,656
Non-current assets    
Property and equipment, net 171,190 243,039
Right of use assets - operating leases 278,455 768,441
Patents and patent applications, net 13,000 14,373
Other non-current assets 1,051,234 0
Total assets 60,613,032 40,280,509
Current liabilities    
Accounts payable and accrued liabilities 2,966,479 1,316,773
Accrued salaries and wages 908,516 1,237,661
Royalty payable 1,908,072 1,620,182
Deferred revenue 354,756 918,272
Operating leases - current 282,421 516,931
Total current liabilities 6,420,244 5,609,819
Long-term liabilities    
Operating leases - long term 0 254,664
Convertible debt, net of unamortized discount 18,700,546 0
Total liabilities 25,120,790 5,864,483
Stockholders' equity    
Common stock; par value $0.001; 200,000,000 shares authorized; 4,186,438 and 3,845,361 shares issued and outstanding at December 31, 2020 and 2019, respectively. 4,259 4,187
Additional paid-in capital 100,203,979 97,239,455
Accumulated other comprehensive loss (26,931) 0
Accumulated deficit (64,689,065) (62,827,616)
Total stockholders' equity 35,492,242 34,416,026
Total liabilities and stockholders' equity $ 60,613,032 $ 40,280,509