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Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 32,380,674 $ 6,663,318
Accounts receivable, trade, net of allowance for doubtful accounts of $0 and $5,575 at September 30, 2018 and December 31, 2017, respectively 2,699,342 1,021,315
Inventories 2,910,927 1,846,746
Prepaid expenses and other current assets 298,005 399,502
Total current assets 38,288,948 9,930,881
Property and equipment    
Leasehold improvements 1,284,491 1,284,491
Furniture and computer equipment 705,948 682,466
Manufacturing and other equipment 1,510,729 1,148,006
Subtotal 3,501,168 3,114,963
Less: Accumulated depreciation (2,234,286) (2,008,927)
Net property and equipment 1,266,882 1,106,036
Investment in SAVSU 6,856,980 1,070,120
Long term deposits 36,166 36,166
Total assets 46,448,976 12,143,203
Current liabilities    
Accounts payable 1,089,553 690,702
Accrued expenses and other current liabilities 162,981 200,548
Accrued compensation 712,615 491,432
Deferred rent 130,216 130,216
Total current liabilities 2,095,365 1,512,898
Deferred rent, long-term 386,113 492,207
Other long-term liabilities 37,855 45,512
Total liabilities 2,519,333 2,050,617
Commitments and contingencies (Note 9)
Shareholders’ equity    
Preferred stock, $0.001 par value; 1,000,000 shares authorized, Series A, 4,250 shares designated, and 3,187 and 4,250 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 3 4
Common stock, $0.001 par value; 150,000,000 shares authorized, 18,237,425 and 14,021,422 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 18,237 14,021
Additional paid-in capital 115,775,040 84,036,444
Accumulated deficit (71,863,637) (73,957,883)
Total shareholders’ equity 43,929,643 10,092,586
Total liabilities and shareholders’ equity $ 46,448,976 $ 12,143,203