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Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 10,705,017 $ 12,961,936
Accounts receivable, net 155,746 77,470
Inventory, net 581,474 436,723
Other current assets 587,828 655,362
Total current assets 12,030,065 14,131,491
Property and equipment, at cost:    
Leasehold improvements 1,195,637 1,195,637
Office equipment 99,344 99,344
Furniture and fixtures 419,303 419,303
Machinery and equipment 2,628,509 2,572,243
Construction in progress 384,888 413,843
Property and equipment, gross 4,727,681 4,700,370
Less accumulated depreciation (3,472,349) (3,217,319)
Net property and equipment 1,255,332 1,483,051
Long-term assets:    
Lease right-of-use assets, net 162,006 319,557
Intangible assets, net of accumulated amortization 970 3,294
Other long-term assets 865,588 958,177
Total long-term assets 1,028,564 1,281,028
Total assets 14,313,961 16,895,570
Current liabilities:    
Accounts payable 546,877 510,758
Accrued expenses 536,830 456,714
Note payable 0 141,298
Clinical holdback - current portion 88,738 45,206
Lease liabilities - current portion 209,098 373,833
Total current liabilities 1,381,543 1,527,809
Long-term liabilities:    
Clinical holdback - long-term portion 56,245 96,658
Lease liabilities - long-term portion 0 28,584
Total long-term liabilities 56,245 125,242
Total liabilities 1,437,788 1,653,051
Commitments and contingencies
Stockholders' equity:    
Common stock, $.001 par, 200,000,000 authorized, 15,190,376 shares issued and 15,073,153 outstanding as of June 30, 2023; and 11,986,927 shares issued and 11,869,704 outstanding as of December 31, 2022 15,190 11,987
Treasury stock, 117,223 shares (60,000) (60,000)
Warrants 1,918,103 567,972
Additional paid-in-capital 110,977,150 108,857,065
Accumulated deficit (99,974,270) (94,134,505)
Total stockholders' equity 12,876,173 15,242,519
Total liabilities and stockholders' equity $ 14,313,961 $ 16,895,570