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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities    
Net loss $ (6,161,688) $ (2,008,710)
Adjustments to reconcile net loss to net cash and cash equivalents provided by (used in) operating activities:    
Bad debts (recovery) 24,000 (7,253)
Depreciation and amortization 300,151 281,162
Provision for product warranties 139,909 116,402
Stock based compensation 286,773 312,680
Decrease (increase) in:    
Accounts receivable 12,900,922 936,353
Inventories (2,465,876) (523,902)
Prepaid and other current assets (11,756) 109,114
Increase (decrease) in:    
Accounts payable and accrued expenses (2,076,671) (731,195)
Deferred revenue (161,413) 677,396
Product warranties (207,671) (103,643)
Total Adjustments 8,728,368 1,067,114
Net Cash Provided By (Used In) Operating Activities 2,566,680 (941,596)
Cash Flows from Investing Activities    
Acquisition of property and equipment (148,552) (229,426)
Investment in debt securities - held to maturity (3,699,718)
Investments matured 6,930,112 1,200,000
Net Cash Provided By (Used In) Investing Activities 6,781,560 (2,729,144)
Cash Flows from Financing Activities    
Loan proceeds 1,022,785
Withholding taxes on stock compensation (57,331) (118,754)
Exercise of warrants 560 2,739,238
Net Cash Provided By Financing Activities 966,014 2,620,484
Net Increase (Decrease) in Cash and Cash Equivalents 10,314,254 (1,050,256)
Cash and Cash Equivalents - Beginning 8,100,288 12,484,256
Cash and Cash Equivalents - Ending 18,414,542 11,434,000
Supplemental Disclosure of Cash Flow Information    
Interest paid 12,456
Non-Cash Investing and Financing Activities    
Transfer of inventory to property and equipment 51,234
Lease liabilities arising from obtaining right-of-use-assets $ 1,714,814