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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 1,139,725 $ 218,132
Accounts receivable - net 1,111,017 978,408
Inventories 895,315 880,660
Prepaid expenses 643,987 784,650
Total current assets 3,790,044 2,861,850
Property and equipment:    
Equipment 2,900,761 2,899,611
Leasehold improvements 1,187,829 1,187,100
Construction and equipment in progress 920,696 374,525
Total 5,009,286 4,461,236
Less accumulated depreciation and amortization 1,755,467 1,689,520
Net property and equipment 3,253,819 2,771,716
Deferred tax asset 3,982,204 3,900,221
Deferred contract cost 793,884 817,763
Goodwill 278,466 278,466
Operating lease right of use assets 5,041,185 4,242,416
Other assets including long-term portion of receivables - net 4,640,808 4,232,655
Total assets 21,780,410 19,105,087
Current liabilities:    
Current portion of term loan payable to bank 0 871,429
Accounts payable and accrued expenses 583,267 731,059
Current portion of operating lease liability 347,826 333,763
Total current liabilities 931,093 1,936,251
Long-term obligations:    
Term loans payable to bank (net of current portion) 0 2,999,275
Term loan payable to Corbel 7,194,229 0
Warrant value 29,037 0
Convertible notes payable 556,292 1,501,282
Operating lease liabilities - net of short-term portion 4,808,216 4,016,728
Deferred contract income 793,884 817,763
Total long-term liabilities 13,381,658 9,335,048
Stockholders' equity:    
Common stock - no par value (40,000,000 shares authorized, 22,215,512 issued and outstanding as of December 31, 2019 and as of March 31, 2020) 24,747,223 24,858,311
Accumulated deficit (17,279,564) (17,024,523)
Total stockholders' equity 7,467,659 7,833,788
Total liabilities and stockholders' equity $ 21,780,410 $ 19,105,087