XML 18 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 1,405,826 $ 2,173,258
Short term investments 0 1,651,341
Accounts receivable, trade, net of allowance for doubtful accounts of $0 at December 31, 2016 and 2015 1,193,646 929,289
Inventories 1,757,784 1,834,635
Prepaid expenses and other current assets 270,814 384,414
Total current assets 4,628,070 6,972,937
Property and equipment    
Leasehold improvements 1,284,491 1,284,491
Furniture and computer equipment 650,912 557,666
Manufacturing and other equipment 922,220 1,025,521
Subtotal 2,857,623 2,867,678
Less: Accumulated depreciation (1,670,245) (1,421,279)
Net property and equipment 1,187,378 1,446,399
Internal use software 0 1,698,735
Intangible asset 0 2,215,385
Investment in SAVSU 2,075,000 0
Long term deposits 36,166 36,166
Total assets 7,926,614 12,369,622
Current liabilities    
Accounts payable 710,719 1,029,373
Accrued expenses and other current liabilities 116,399 146,438
Accrued compensation 175,829 419,766
Deferred rent, current portion 130,216 130,216
Total current liabilities 1,133,163 1,725,793
Promissory note payable to related party, net of discount of $155,996 at December 31, 2016 2,844,004 0
Accrued interest, related party 97,857 0
Deferred rent, long term 685,450 784,458
Total liabilities 4,760,474 2,510,251
Commitments and Contingencies (Note 10)
Shareholders' equity    
Common stock, $0.001 par value; 150,000,000 shares authorized, 12,863,824 and 12,448,391 shares issued and outstanding at December 31, 2016 and 2015 12,864 12,447
Additional paid-in capital 74,355,645 72,823,398
Accumulated other comprehensive loss 0 (451)
Accumulated deficit (71,202,369) (64,326,923)
Total BioLife Solutions, Inc. shareholders' equity 3,166,140 8,508,471
Total non-controlling interest equity 0 1,350,900
Total shareholders' equity 3,166,140 9,859,371
Total liabilities and shareholders' equity $ 7,926,614 $ 12,369,622