Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.10.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,697,370 $ 9,289,831
Accounts receivable, net 770,786 949,415
Inventory, net 2,661,712 2,314,184
Prepaid expenses and other current assets 321,550 192,727
Total current assets 10,451,418 12,746,157
Property and equipment, net 289,025 267,667
Software license inventory 836,900 871,900
Other assets 10,640 11,641
Total assets 11,587,983 13,897,365
Current liabilities:    
Accounts payable 954,996 759,445
Accrued compensation 461,754 806,445
Other accrued liabilities 378,912 480,159
Derivative liabilities 22,295 95,786
Deferred revenue 214,701 256,178
Senior secured note payable 2,000,000 2,000,000
2014 junior secured notes payable, net 1,914,742
Total current liabilities 5,947,400 4,398,013
Accrued interest 805,000 752,500
Total liabilities 8,028,628 8,068,625
Stockholders' equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at June 30, 2018 and December 31, 2017
Common stock, $0.01 par value; 200,000,000 shares authorized; 11,006,439 shares issued and outstanding at June 30, 2018; and 10,693,851 issued and outstanding at December 31, 2017 110,064 106,937
Additional paid-in capital 108,002,861 106,757,920
Accumulated deficit (104,553,570) (101,036,117)
Total stockholders' equity 3,559,355 5,828,740
Total liabilities and stockholders' equity 11,587,983 13,897,365
12% Junior Secured Notes Payable 2014 [Member]    
Current liabilities:    
2014 junior secured notes payable, net 1,874,570
Junior Secured Notes Payable 2010 [Member]    
Current liabilities:    
2014 junior secured notes payable, net $ 1,276,228 $ 1,043,542