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Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 1,318,469 $ 2,173,258
Short term investments 0 1,651,341
Accounts receivable, trade, net of allowance for doubtful accounts of $0 at June 30, 2016 and December 31, 2015 1,284,015 929,289
Inventories 1,910,729 1,834,635
Prepaid expenses and other current assets 402,342 384,414
Total current assets 4,915,555 6,972,937
Property and equipment    
Leasehold improvements 1,284,491 1,284,491
Furniture and computer equipment 652,941 557,666
Manufacturing and other equipment 1,029,600 1,025,521
Subtotal 2,967,032 2,867,678
Less: Accumulated depreciation (1,605,173) (1,421,279)
Net property and equipment 1,361,859 1,446,399
Internal use software 2,021,489 1,698,735
Intangible asset 2,215,385 2,215,385
Long term deposits 36,166 36,166
Total assets 10,550,454 12,369,622
Current liabilities    
Accounts payable 864,452 1,029,373
Note payable, related party, net of discount of $343,191 at June 30, 2016 656,809 0
Accrued interest, related party 8,333 0
Accrued expenses and other current liabilities 80,037 146,438
Accrued compensation 523,694 419,766
Deferred rent 130,216 130,216
Total current liabilities 2,263,541 1,725,793
Deferred rent, long term 740,888 784,458
Total liabilities 3,004,429 2,510,251
Commitments and contingencies (Note 9)
Shareholders' equity    
Common stock, $0.001 par value; 150,000,000 shares authorized, 12,607,055 and 12,448,391 shares issued and outstanding at June 30, 2016 and December 31, 2015 12,607 12,447
Additional paid-in capital 73,719,666 72,823,398
Accumulated other comprehensive loss 0 (451)
Accumulated deficit (66,909,834) (64,326,923)
Total BioLife Solutions, Inc. shareholders' equity 6,822,439 8,508,471
Total non-controlling interest equity 723,586 1,350,900
Total shareholders' equity 7,546,025 9,859,371
Total liabilities and shareholders' equity $ 10,550,454 $ 12,369,622