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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 income (loss) $ (20,502,395) $ 896,480
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 158,253 200,957
Stock-based compensation 875,851 841,421
Amortization of debt discounts and issuance costs 215,292 247,943
Change in fair value of warrant liability 5,710,362 (12,705,598)
Provision for obsolete inventory 770,619
Loss on sale of property and equipment 12,398
Changes in operating assets and liabilities    
Accounts receivable (449) 1,150
Inventory (524,245)
Prepaid expenses and other current assets 152,714 (109,200)
Vendor deposit 707,103
Right of use assets 94,376
Accounts payable and accrued liabilities 448,867 (194,524)
Accrued bonuses 118,428 198,690
Accrued interest 166,984 225,870
Other current and long-term liabilities (109,716) (55,897)
Net cash used in operating activities (12,659,035) (9,499,231)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property and equipment (241,736) (654,870)
Proceeds from sale of property and equipment 11,442
Net cash used in investing activities (230,294) (654,870)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from issuance of Series A convertible preferred stock 13,661,578
Net proceeds from issuance of common stock 2,103,788
Repayments of long-term debt (3,125,000)
Net cash provided by financing activities 12,640,366
NET DECREASE IN CASH AND CASH EQUIVALENTS (248,963) (10,154,101)
Cash and cash equivalents, beginning of year 14,250,267 24,404,368
Cash and cash equivalents, end of year 14,001,304 14,250,267
SUPPLEMENTAL INFORMATION    
Income taxes
Interest 600,303 671,146
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Property and equipment included in accounts payable 12,773
Deferred financing costs included in accounts payable 174,976
Preferred stock beneficial conversion feature and dividends 13,750,806
Value of common shares issued to vendor for services $ 45,000 $ 90,000