XML 23 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities    
Net loss $ (8,041,372) $ (4,995,376)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 368,102 343,218
Loss on disposal of property and equipment 1,213 0
Stock-based compensation expense 776,994 511,457
Stock issued for services 135,000 0
Write off of deferred financing costs 86,736 0
Amortization of debt discount 218,394 0
Loss on deconsolidation of biologistex 2,785,910 0
Amortization of deferred rent related to lease incentives (126,997) (126,999)
Accretion and amortization on available for sale investments 1,792 90,125
(Increase) Decrease in    
Accounts receivable, trade (264,357) (27,666)
Inventories (290,838) (869,411)
Prepaid expenses and other current assets 73,255 15,192
Increase (Decrease) in    
Accounts payable 233,482 194,386
Accrued compensation and other current liabilities (410,151) (145,419)
Accrued interest, related party 97,857 0
Deferred rent 27,989 36,632
Net cash used in operating activities (4,326,991) (4,973,861)
Cash flows from investing activities    
Purchase of available-for-sale investments 0 (1,409,695)
Sales/maturities of available-for-sale investments 1,650,000 7,067,000
Costs associated with internal use software development (1,113,675) (1,283,685)
Purchase of property and equipment (143,533) (134,012)
Net cash provided by investing activities 392,792 4,239,608
Cash flows from financing activities    
Proceeds from note payable to related party 3,000,000 0
Proceeds from exercise of common stock options and warrants 278,503 368,753
Deferred costs related to potential stock issuance (111,736) 0
Net cash provided by financing activities 3,166,767 368,753
Net decrease in cash and cash equivalents (767,432) (365,500)
Cash and cash equivalents - beginning of year 2,173,258 2,538,758
Cash and cash equivalents - end of year 1,405,826 2,173,258
Non-cash investing and financing activities    
Costs incurred for capitalized internal use software not paid as of year-end (amounts are included in liabilities) 0 415,050
Proceeds from issuance of common stock on exercise of common stock options not received as of year-end 0 32,223
Debt discount related to warrants 374,390 0
Deferred costs related to stock issuance not yet paid $ 26,975 $ 0