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Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 2,351,540 $ 2,538,758
Short term investments 2,902,105 7,399,636
Accounts receivable, trade, net of allowance for doubtful accounts of $0 at September 30, 2015 and December 31, 2014 792,274 901,623
Inventories 1,783,383 965,224
Prepaid expenses and other current assets 453,789 360,521
Total current assets 8,283,091 12,165,762
Property and equipment    
Leasehold improvements 1,284,491 1,284,491
Furniture and computer equipment 535,768 476,788
Manufacturing and other equipment 1,017,262 972,386
Subtotal 2,837,521 2,733,665
Less: Accumulated depreciation (1,333,608) (1,078,060)
Net property and equipment 1,503,913 1,655,605
Internal use software 1,187,022 0
Intangible asset 2,215,385 2,215,385
Long term deposits 36,166 36,166
Total assets 13,225,577 16,072,918
Current liabilities    
Accounts payable 978,279 474,662
Accrued expenses and other current liabilities 150,980 121,869
Accrued compensation 372,426 535,029
Deferred rent 130,216 130,216
Total current liabilities 1,631,901 1,261,776
Long term liabilities    
Deferred rent, long term 809,275 874,825
Total liabilities $ 2,441,176 $ 2,136,601
Commitments and Contingencies (Note 10)
Shareholders' equity    
Common stock, $0.001 par value; 150,000,000 shares authorized, 12,172,715 and 12,084,859 shares issued and outstanding at September 30, 2015 and December 31, 2014 $ 12,172 $ 12,084
Additional paid-in capital 72,347,856 71,911,328
Accumulated other comprehensive loss (601) (6,448)
Accumulated deficit (63,207,536) (60,112,987)
Total BioLife Solutions, Inc. shareholders' equity 9,151,891 11,803,977
Total non-controlling interest equity 1,632,510 2,132,340
Total shareholders' equity 10,784,401 13,936,317
Total liabilities and shareholders' equity $ 13,225,577 $ 16,072,918