Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.19.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,461,648 $ 3,101,133
Accounts receivable, net 1,371,827 1,233,896
Inventory, net 2,529,159 2,105,976
Prepaid expenses and other current assets 430,638 213,684
Total current assets 11,793,272 6,654,689
Property and equipment, net 471,427 377,706
Software license inventory 416,900 801,900
Operating lease rights of use 427,927
Other assets 160,010 22,538
Total assets 13,269,536 7,856,833
Current liabilities:    
Accounts payable 1,302,456 500,929
Accrued compensation 711,623 764,960
Operating lease liabilities, current portion 113,914
Other accrued liabilities 382,872 390,838
Deferred revenue 740,163 350,963
Total current liabilities 3,251,028 2,007,690
Accrued interest 910,000 857,500
Operating lease liabilities 332,261
Total liabilities 6,362,394 6,345,831
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at June 30, 2019 and December 31, 2018
Common stock, $0.01 par value; 200,000,000 shares authorized; 13,686,320 shares issued and outstanding at June 30, 2019; and 11,018,364 issued and outstanding at December 31, 2018 136,863 110,183
Additional paid-in capital 116,741,229 108,600,405
Accumulated deficit (109,970,950) (107,199,586)
Total stockholders' equity 6,907,142 1,511,002
Total liabilities and stockholders' equity 13,269,536 7,856,833
2014 Junior Secured Notes Payable [Member]    
Current liabilities:    
junior secured notes payable, net 1,939,850
2010 Junior Secured Notes Payable [Member]    
Current liabilities:    
junior secured notes payable, net $ 1,869,105 $ 1,540,791