Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,710,947 $ 9,289,831
Accounts receivable, net 1,055,327 949,415
Inventory, net 2,498,109 2,314,184
Prepaid expenses and other current assets 261,856 192,727
Total current assets 7,526,239 12,746,157
Property and equipment, net 321,858 267,667
Software license inventory 819,400 871,900
Other assets 10,640 11,641
Total assets 8,678,137 13,897,365
Current liabilities:    
Accounts payable 700,485 759,445
Accrued compensation 643,734 806,445
Other accrued liabilities 252,820 480,159
Derivative liabilities 95,786
Deferred revenue 421,432 256,178
Senior secured note payable 2,000,000
Total current liabilities 2,018,471 4,398,013
Accrued interest 839,625 752,500
Total liabilities 6,185,495 8,068,625
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at September 30, 2018 and December 31, 2017
Common stock, $0.01 par value; 200,000,000 shares authorized; 11,022,372 shares issued and outstanding at September 30, 2018; and 10,693,851 issued and outstanding at December 31, 2017 110,223 106,937
Additional paid-in capital 108,364,065 106,757,920
Accumulated deficit (105,981,646) (101,036,117)
Total stockholders' equity 2,492,642 5,828,740
Total liabilities and stockholders' equity 8,678,137 13,897,365
12% Junior Secured Notes Payable 2014 [Member]    
Current liabilities:    
2014 junior secured notes payable, net 1,934,828 1,874,570
Junior Secured Notes Payable 2010 [Member]    
Current liabilities:    
2014 junior secured notes payable, net $ 1,392,571 $ 1,043,542