XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 156,461,732 $ 5,026,523
Accounts receivable, net 15,032,920 6,429,400
Inventory 21,925,629 10,406,320
Prepaid expenses and other current assets 6,049,407 1,850,859
Total current assets 199,469,688 23,713,102
Restricted cash 500,000 500,000
Property, plant, and equipment, net 5,589,569 5,277,667
Leased property under capital lease, net 2,065,947 2,453,312
Note receivable 463,212 509,945
Intangible assets, net 2,098,763 2,901,595
Other assets 1,620,342  
Total assets 211,807,521 35,355,621
Current liabilities:    
Accounts payable 7,902,787 3,094,385
Accrued expenses 5,762,871 3,068,774
Product warranty reserve 1,306,520 1,608,131
Deferred revenue 4,180,848 3,434,735
Obligations under capital lease 773,045 717,870
Other current liabilities 1,950,519 679,176
Total current liabilities 21,876,590 12,603,071
Obligations under capital lease   586,879
Deferred revenue 6,552,980 5,579,281
Common stock warrant liability 15,529,387 28,829,849
Finance obligation 2,443,289 2,492,330
Other liabilities 408,847 765,281
Total liabilities 46,811,093 50,856,691
Redeemable Preferred Stock    
Series C redeemable convertible preferred stock, $0.01 par value per share (aggregate involuntary liquidation preference $25,495,586) 10,431 shares authorized; Issued and outstanding: 5,231 at September 30, 2014 and 10,431 at December 31, 2013 1,152,720 2,371,080
Stockholders' equity (deficit):    
Common stock, $0.01 par value per share; 450,000,000 shares authorized; Issued (including shares in treasury): 173,480,613 at September 30, 2014 and 106,356,558 at December 31, 2013 1,734,806 1,063,566
Additional paid-in capital 1,094,680,811 831,155,925
Accumulated other comprehensive income 897,807 897,807
Accumulated deficit (930,898,090) (849,437,066)
Less common stock in treasury: 362,227 shares at September 30, 2014 and 165,906 at December 31, 2013 (2,571,626) (1,552,382)
Total stockholders' equity (deficit) 163,843,708 (17,872,150)
Total liabilities, redeemable preferred stock, and stockholders' equity (deficit) $ 211,807,521 $ 35,355,621