XML 21 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 12,462,872 $ 9,221,985
Accounts receivable, net of allowances of $90,111 and $39,966 at December 31, 2015 and 2014, respectively 742,714 580,240
Inventories 1,089,084 679,740
Prepaid expenses and other current assets 852,600 608,160
Total current assets 15,147,270 11,090,125
Fixed assets, net 683,534 311,520
Other long-term assets 203,686 585
Total assets 16,034,490 11,402,230
Current liabilities:    
Accounts payable 1,060,135 522,871
Accrued compensation 848,689 885,353
Accrued expenses 1,055,483 1,264,876
Current portion of deferred revenue 227,172 25,048
Total current liabilities 3,191,479 2,698,148
Deferred revenue, net of current portion 0 9,635
Common stock warrants 280,303 5,307,332
Total liabilities $ 3,471,782 $ 8,015,115
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock $ 0 $ 0
Common stock, $0.0001 par value; 100,000,000 and 50,000,000 authorized at December 31, 2015 and 2014, respectively; 4,047,332 and 2,038,151 shares issued and outstanding at December 31, 2015 and 2014, respectively 405 204
Additional paid-in capital 176,127,932 157,765,209
Accumulated deficit (163,565,650) (154,378,302)
Total stockholders’ equity 12,562,708 3,387,115
Total liabilities and stockholders’ equity 16,034,490 11,402,230
Series A Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 0 4
Series B Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 7 0
Series C Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 14 $ 0