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Unaudited Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ 336,443 $ (1,105,791)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 177,388 121,417
Amortization 163,763 169,346
Amortization of discounts on investments, net (81,770) (8,280)
Stock-based compensation 514,266 358,896
Deferred tax liability 5,634 2,592
Changes in operating assets and liabilities:    
Trade accounts receivable (967,411) 238,085
Inventory 68,044 222,869
Prepaid expenses and other assets 76,815 (510,637)
Accounts payable 503,679 246,723
Accrued bonus (1,612,383) (1,505,593)
Accrued liabilities (18,989) (40,555)
Deferred obligation under operating lease (40,442) (15,678)
Net cash used in operating activities (874,963) (1,826,606)
Cash flows from investing activities:    
Purchases of available-for-sale securities (10,461,995) (3,724,200)
Maturities of available-for-sale securities 9,585,247 7,500,000
Purchases of property and equipment (159,126) (503,214)
Net cash provided by (used in) investing activities (1,035,874) 3,272,586
Cash flows from financing activities:    
Repayment of notes payable   (333,333)
Common stock repurchases (193,278) (779,913)
Proceeds from exercise of stock options 230,879 103,705
Net cash provided by (used in) financing activities 37,601 (1,009,541)
Net increase (decrease) in cash and cash equivalents (1,873,236) 436,439
Cash and cash equivalents, beginning of period 13,620,656 15,026,068
Cash and cash equivalents, end of period 11,747,420 15,462,507
Supplemental disclosure of cash flow information    
Interest paid 600 15,340
Taxes paid $ 20,894 $ 7,409