XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,963,576) $ (6,020,505)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 245,548 412,351
Stock-based compensation expense 186,707 435,679
Change in provision for doubtful accounts 5,925
Deferred rent (5,202) (47,628)
Impairment of intangible assets 1,375,422
Changes in assets and liabilities:    
(Increase) in accounts receivable (372,732) (150,501)
Decrease (increase) in inventory 2,984 (14,774)
(Increase) in other current assets (50,931) (52,051)
Decrease (increase) in other assets 57,439 (5,883)
(Decrease) increase in accounts payable and accrued expenses (74,672) 339,326
(Decrease) in deferred revenue (93,694) (175,128)
(Decrease) increase in other long-term liabilities (158,407) 158,407
Net cash used in operating activities (4,220,611) (3,745,285)
CASH FLOWS FROM INVESTING activities:    
Purchases of property and equipment (141,526) (37,614)
Collection on note receivable 40,472 42,460
Net cash (used in) provided by investing activities (101,054) 4,846
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from the issuance of common stock 8,512,861
Net proceeds from issuance of common stock from exercise of stock options 687,521 10,100
Net proceeds from the issuance of common stock from exercise of warrants 139,700
Withholding taxes paid on vesting of restricted stock units (4,233)
Net cash provided by financing activities 687,521 8,658,428
Net (decrease) increase in cash (3,634,144) 4,917,989
CASH, beginning of year 8,010,161 3,092,172
CASH, end of year $ 4,376,017 $ 8,010,161