Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.19.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 6,235,168 $ 3,101,133
Accounts receivable, net 2,129,085 1,233,896
Inventory, net 3,180,250 2,105,976
Prepaid expenses and other current assets 364,273 213,684
Total current assets 11,908,776 6,654,689
Property and equipment, net 474,226 377,706
Software license inventory 451,900 801,900
Operating lease rights of use 400,755
Other assets 153,141 22,538
Total assets 13,388,798 7,856,833
Current liabilities:    
Accounts payable 1,671,722 500,929
Accrued compensation 993,150 764,960
Operating lease liabilities, current portion 113,263
Other accrued liabilities 403,054 390,838
Deferred revenue 1,097,644 350,963
Total current liabilities 4,278,833 2,007,690
Accrued interest 934,829 857,500
Operating lease liabilities 299,915
Total liabilities 7,380,842 6,345,831
Commitments and contingencies  
Stockholders' equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued and outstanding at September 30, 2019 and December 31, 2018
Common stock, $0.01 par value; 200,000,000 shares authorized; 14,991,892 shares issued and outstanding at September 30, 2019; and 11,018,364 issued and outstanding at December 31, 2018 149,918 110,183
Additional paid-in capital 116,951,956 108,600,405
Accumulated deficit (111,093,918) (107,199,586)
Total stockholders' equity 6,007,956 1,511,002
Total liabilities and stockholders' equity 13,388,798 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 $ 1,867,265 $ 1,540,791