Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 12,740,583 $ 3,315,774
Accounts receivable 750,761 865,943
Inventory, net 1,891,692 1,768,382
Prepaid expenses and other current assets 270,481 134,996
Total current assets 15,653,517 6,085,095
Property and equipment, net 298,062 328,249
Software license inventory 889,400 976,900
Other assets 10,640 10,641
Total assets 16,851,619 7,400,885
Current liabilities:    
Accounts payable 1,022,787 1,546,926
Accrued compensation 680,036 666,060
Other accrued liabilities 619,827 450,424
Derivative liabilities 182,253 131,173
Deferred product and service revenues 425,901 223,117
Total current liabilities 2,930,804 3,017,700
Accrued interest 700,000 647,500
Senior secured note payable 2,000,000 2,000,000
Total liabilities 8,323,801 8,156,954
Commitments and contingencies
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value; 25,000,000 shares authorized at June 30, 2017 and December 31, 2016; none issued and outstanding at June 30, 2017 and December 31, 2016
Common stock, $0.01 par value; 200,000,000 shares authorized; 10,339,210 shares issued and outstanding at June 30, 2017; and 3,622,032 issued and outstanding at December 31, 2016 103,391 36,220
Additional paid-in capital 105,953,342 93,076,475
Accumulated deficit (97,528,915) (93,868,764)
Total stockholders' equity (deficit) 8,527,818 (756,069)
Total liabilities and stockholders' equity (deficit) 16,851,619 7,400,885
12% Junior Secured Notes Payable 2014 [Member]    
Current liabilities:    
Junior secured notes payable 1,834,398 1,794,226
Junior Secured Notes Payable 2010 [Member]    
Current liabilities:    
Junior secured notes payable $ 858,599 $ 697,528