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Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,916,332 $ 2,447,985
Accounts receivable, net of $50,000 allowance for doubtful accounts 2,127,727 2,217,877
Inventory 1,651,884 1,563,593
Prepaid expenses and other current assets 470,047 285,580
Total current assets 8,165,990 6,515,035
Property, plant and equipment, net 5,122,138 5,014,494
Investment 324,930 324,930
Other assets 90,319 90,319
Right-of-use assets 1,344,601
Goodwill 2,453,597 2,453,597
Other intangible assets, net 1,048,503 881,411
Total assets 18,550,078 15,279,786
Current liabilities:    
Accounts payable 1,341,003 1,347,491
Accrued expenses and deferred revenue 779,638 1,106,346
Other current liabilities 935,404 2,255,942
Current portion of long-term debt, net 467,382 713,427
Current portion of lease liability 361,713
Total current liabilities 3,885,140 5,423,206
Long-term debt, net 2,361,696 1,721,936
Lease liability 1,007,251
Other long-term liabilities 311,986 391,325
Deferred tax liability, net 168,986 168,986
Commitments and contingencies (Note 10)
Stockholders' equity:    
Common stock, $.02 par value; 200,000,000 shares authorized, 30,180,626 shares issued and outstanding (17,425,858 on December 31, 2018) 603,613 348,517
Additional paid-in capital 113,335,147 107,624,666
Accumulated other comprehensive loss (7,052)
Accumulated deficit (103,123,741) (100,391,798)
Total stockholders' equity 10,815,019 7,574,333
Total liabilities and stockholders' equity $ 18,550,078 $ 15,279,786