XML 40 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of cash and cash equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of such amounts in the condensed consolidated statements of cash flows:

 
 
December 31, 2018
 
December 31, 2017
Cash and cash equivalents
$
9,829,624

 
$
19,186,036

Restricted cash
126,595

 
126,595

Cash, cash equivalents and restricted cash shown on the condensed consolidated statement of cash flows
$
9,956,219

 
$
19,312,631

 
Restrictions on cash and cash equivalents
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of such amounts in the condensed consolidated statements of cash flows:

 
 
December 31, 2018
 
December 31, 2017
Cash and cash equivalents
$
9,829,624

 
$
19,186,036

Restricted cash
126,595

 
126,595

Cash, cash equivalents and restricted cash shown on the condensed consolidated statement of cash flows
$
9,956,219

 
$
19,312,631

 
Depreciation over estimated useful life
Depreciation is recorded, once assets are placed in service, using the straight-line method over the estimated useful lives of the respective assets, which are as follows:
Asset type
Estimated useful life
Computers and computer equipment
3 years
Laboratory equipment
3 years
Manufacturing equipment
3 years
Website development costs
1-2 years
Property and equipment, net consists of the following:
 
 
December 31, 2018
 
December 31, 2017
Manufacturing equipment
$
421,999

 
$
421,999

Computers and computer equipment
275,670

 
311,847

Website development costs
177,886

 
177,886

Laboratory equipment

 
13,368

Capital in progress

 
28,823

Total property and equipment
875,555

 
953,923

Accumulated depreciation
(801,095
)
 
(622,883
)
Property and equipment, net
$
74,460

 
$
331,040