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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net Loss $ (1,881,300) $ (1,200,557)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 4,234 3,394
Stock-based compensation expense 782,314 254,715
Changes in operating assets and liabilities:    
Accounts receivable, net (486,209) 428,703
Inventories net (366,250) (230,768)
Prepaid expenses and other current assets (876,634) (326,868)
Accounts payable and accrued expenses 1,825,713 72,327
Accrued preferred dividends (51,111) (51,100)
Deferred revenue and other current liabilities 179,976 162,927
Net cash provided by (used in) in operating activities (861,267) (887,237)
Cash flows from investing activities:    
Purchase of property and equipment (6,332) (6,408)
Net cash (used in) investing activities (6,332) (6,408)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 9,999,948
Proceeds from exercise of stock options 25,000
Net cash provided by financing activities 10,024,948
Net (decrease) increase in cash 9,157,349 (893,645)
Cash at beginning of the period 11,747,138 10,128,320
Cash at end of the period 20,904,487 9,234,675
Cash paid during period for:    
Interest 48,056 56,875
Non-cash investing and financing activities:    
Accrued preferred dividends 90,245 86,652
Conversion of convertible note to common shares, related-party $ 1,000,000