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Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 31,824,000 $ 30,657,000
Accounts receivable, trade, net of allowance for doubtful accounts of $0 at March 31, 2019 and December 31, 2018 2,927,000 3,045,000
Inventories 4,060,000 3,509,000
Prepaid expenses and other current assets 346,000 353,000
Total current assets 39,157,000 37,564,000
Property and equipment    
Leasehold improvements 1,284,000 1,284,000
Furniture and computer equipment 704,000 706,000
Manufacturing and other equipment 1,803,000 1,657,000
Subtotal 3,791,000 3,647,000
Less: Accumulated depreciation (2,424,000) (2,328,000)
Net property and equipment 1,367,000 1,319,000
Operating lease right-of-use assets 1,196,000
Investment in SAVSU 6,317,000 6,548,000
Long-term deposits 36,000 36,000
Total assets 48,073,000 45,467,000
Current liabilities    
Accounts payable 1,264,000 720,000
Accrued expenses and other current liabilities 142,000 91,000
Accrued compensation 630,000 998,000
Lease liability - operating, current portion 651,000
Lease liability – financing, current portion 14,000
Deferred rent, current portion 130,000
Total current liabilities 2,701,000 1,939,000
Deferred rent, long-term 349,000
Long-term lease liability - operating 980,000
Long-term lease liability - financing 13,000
Other long-term liabilities 13,000 31,000
Total liabilities 3,707,000 2,319,000
Commitments and Contingencies (Note 8)
Shareholders’ equity    
Common stock, $0.001 par value; 150,000,000 shares authorized, 18,717,095 and 18,547,406 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 19,000 19,000
Additional paid-in capital 114,951,000 114,160,000
Accumulated deficit (70,604,000) (71,031,000)
Total shareholders’ equity 44,366,000 43,148,000
Total liabilities and shareholders’ equity $ 48,073,000 $ 45,467,000