Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 3,821,723 $ 4,168,837
Marketable securities 160,748 2,956,989
Subscription receivable 600,808
Accounts receivable and other receivables, net 368,006 206,770
Inventory, net 2,531,389 2,157,295
Prepaid expenses and other current assets 454,439 671,033
Total Current Assets 7,937,113 10,160,924
Property and equipment, net 2,730,604 1,347,309
Operating lease right-of-use asset 166,992 258,102
Intangible assets, net 76,725 107,415
Other assets 73,743 73,743
Total Assets 10,985,177 11,947,493
Current Liabilities:    
Accounts payable 3,091,602 2,372,212
Accrued expenses 749,974 897,548
Accrued issuable equity 194,351 257,686
Notes payable 370,427 10,000
Current portion of operating lease liabilities 182,436 190,823
Other current liabilities 79,262 73,598
Current portion of deferred revenue 280,378 567,613
Total Current Liabilities 4,948,430 4,369,480
Operating lease liabilities, non-current portion 84,838
Notes payable, non-current portion 495,239
Other liabilities 109,679 58,164
Deferred revenue, non-current portion 565
Total Liabilities 5,553,348 4,513,047
Series B Convertible Preferred Stock, 10,000 shares designated, 0 issued and outstanding as of June 30, 2020 and December 31, 2019
Commitments and contingencies (Note 10)
Stockholders' Equity:    
Common stock, $0.001 par value, 500,000,000 shares authorized, 29,683,637 and 26,322,583 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 29,684 26,323
Additional paid-in capital 180,832,982 176,729,926
Accumulated other comprehensive income 64,757 183,173
Accumulated deficit (175,495,594) (169,504,981)
Total Stockholders' Equity 5,431,829 7,434,446
Total Liabilities and Stockholders' Equity 10,985,177 11,947,493
Series A Convertible Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized;
Series C Convertible Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized;
Series D Convertible Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized; $ 5