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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (16,433,074) $ (26,829,630)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,439,618 1,110,632
Amortization of debt discount 313,097
Non-cash interest expense 461,839
Inventory reserve 27,163
Depreciation 73,286 74,218
Changes in operating assets and liabilities:    
Decrease in trade receivables 10,631 51,986
Decrease in inventory 59,285 165,679
(Increase) decrease in prepaid expenses and other current assets (67,385) 23,165
Increase (decrease) in accounts payable (1,564,381) 782,062
Increase (decrease) in accrued expenses (363,280) 997,724
Decrease in deferred revenue (8,823) (76,401)
Net cash used in operating activities (15,052,024) (23,700,565)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (14,106,369)
Sale of short-term investments 2,122,481 1,604,307
Purchase of equipment (36,571) (48,893)
Net cash used in (provided by) investing activities (12,020,459) 1,555,414
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock from at-the-market program, net 15,234,529 21,968,007
Proceeds from senior convertible note 7,500,000
Payment of debt issuance costs in connection with senior convertible note (108,787)
Proceeds from exchange agreement, related party 2,000,000
Proceeds from exercise of warrants 8,673,984 26,250
Proceeds from exercise of stock options 122,704 11,600
Payment of financing fees (226,855)
Net cash provided by financing activities 25,804,362 29,397,070
Foreign exchange effects on cash (2,015) (7,878)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (1,270,136) 7,244,041
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF YEAR 17,795,323 10,551,282
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH - END OF YEAR 16,525,187 17,795,323
Cash paid for interest 12,552 1,873
Supplemental Disclosure of Non-Cash Financing and Investing Activities:    
Deemed dividend as a result of warrant modification 369,500
Deemed dividend as a result of exchange of convertible note, Series C-2, Series D and Series F convertible preferred shares, related party 26,733,098  
Non-cash portion of debt discount on senior convertible notes 1,271,861
Issuance of common stock for vested restricted stock units 25 132
Issuance of common stock for payment of deferred fees 173,773
Right-of-use asset and lease liability recognized under ASC 842 5,000
Conversion of preferred stock to common stock 52
Write-off of fully depreciated computer equipment $ 47,850