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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 3,896,405 $ 2,538,758
Short term investments 2,956,428 7,399,636
Accounts receivable, trade, net of allowance for doubtful accounts of $0 at June 30, 2015 and December 31, 2014 809,387 901,623
Inventories 1,321,257 965,224
Prepaid expenses and other current assets 313,412 360,521
Total current assets 9,296,889 12,165,762
Property and equipment    
Leasehold improvements 1,284,491 1,284,491
Furniture and computer equipment 514,056 476,788
Manufacturing and other equipment 1,007,127 972,386
Subtotal 2,805,674 2,733,665
Less: Accumulated depreciation (1,246,787) (1,078,060)
Net property and equipment 1,558,887 1,655,605
Internal use software 762,860 0
Intangible asset 2,215,385 2,215,385
Long term deposits 36,166 36,166
Total assets 13,870,187 16,072,918
Current liabilities    
Accounts payable 640,271 474,662
Accrued expenses and other current liabilities 62,741 121,869
Accrued compensation 326,928 535,029
Deferred rent 130,216 130,216
Total current liabilities 1,160,156 1,261,776
Long term liabilities    
Deferred rent, long term 832,976 874,825
Total liabilities $ 1,993,132 $ 2,136,601
Commitments and Contingencies (Note 10)    
Shareholders' equity (deficiency)    
Common stock, $0.001 par value; 150,000,000 shares authorized,12,154,858 and 12,084,859 shares issued and outstanding at June 30, 2015 and December 31, 2014 $ 12,154 $ 12,084
Additional paid-in capital 72,149,598 71,911,328
Accumulated other comprehensive loss (1,390) (6,448)
Accumulated deficit (62,138,848) (60,112,987)
Total BioLife Solutions, Inc. shareholders' equity 10,021,514 11,803,977
Total non-controlling interest equity 1,855,541 2,132,340
Total shareholders' equity 11,877,055 13,936,317
Total liabilities and shareholders' equity $ 13,870,187 $ 16,072,918