XML 54 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 2,069,534 $ 2,568,191
Accounts receivable 1,593,531 995,683
Other receivable   6,118
Inventory 2,322,137 3,342,177
Prepaid expenses and other current assets 1,563,458 1,237,772
Total current assets 7,548,660 8,149,941
Property and equipment, net 720,345 760,617
Operating lease - right-of-use asset 730,840  
Intangible assets, net 26,445,555 31,710,556
Other assets 181,144 420,831
Total assets 35,626,544 41,041,945
Current liabilities:    
Accounts payable 4,752,097 5,414,260
Accrued liabilities 3,364,021 4,939,441
Warrant liability 10,029 220,376
Convertible debt, net of discount   11,239,170
Operating lease liability 442,017  
Notes payable, net of discount   4,845,575
Total current liabilities 8,568,164 26,658,822
Notes payable long term, net of discount 6,678,461  
Total liabilities 15,246,625 26,658,822
Commitments and contingencies (See Note 6)
Series A convertible preferred stock: $0.0001 par value, 10,000,000 shares authorized at September 30, 2019 and December 31, 2018; 5,524,926 shares issued and outstanding at September 30, 2019 and December 31, 2018; (redemption value and liquidation preference of $12,738,822 and $9,199,002 at September 30, 2019 and December 31, 2018, respectively) 9,000,002 9,000,002
Stockholders' equity/(deficit):    
Series B convertible preferred stock: $0.0001 par value, 11,000 and zero shares authorized at September 30, 2019 and December 31, 2018, respectively; 1,971 and zero shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 409,401  
Additional paid-in capital 138,096,378 99,929,835
Accumulated deficit (127,130,832) (94,550,779)
Total stockholders' equity 11,379,917 5,383,121
Total liabilities, convertible preferred stock and stockholders' equity 35,626,544 41,041,945
Common stock - voting    
Stockholders' equity/(deficit):    
Common stock value 940 35
Common stock - non-voting    
Stockholders' equity/(deficit):    
Common stock value $ 4,030 $ 4,030