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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net Income (loss) $ 11,144,342 $ (10,356,876)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Depreciation and amortization 761,649 34,620
Shares issued for settlement of legal claim 279,600
Stock-based compensation expense 3,354,295 3,103,778
Allowance for bad debt 62,678 (9,632)
Inventory allowance for excess and obsolete products 300,143
Gain on Investment repayment from China (Note Receivable Note 6) (12,050,921)
Changes in operating assets and liabilities:    
Accounts receivable-gross (4,405,426) (6,451,701)
Inventories 2,136,895 (1,543,250)
Prepaid expenses and other current assets (2,087,991) (2,156,230)
Accounts payable and accrued expenses (27,338) 8,189,325
Accrued preferred dividends   (91,111)
Unbilled royalty revenue (252,302)  
Other current assets/liabilities 97,512 (3,387)
Net cash used in operating activities (966,464) (9,004,864)
Cash flows from investing activities:    
Purchase of property and equipment (55,321) (93,482)
Cash paid to escrow for acquisition (14,849,999)
Net cash (used in) investing activities (14,905,320) (93,482)
Cash flows from financing activities:    
Proceeds from notes payable related party-net 1,500,000  
Proceeds from exercise of stock options 224,083 179,704
Net proceeds from sale of common stock 26,955,437  
Net cash provided by financing activities 28,679,520 179,704
Effect of exchange rate changes on cash and cash equivalents (19,026) 46,130
Net increase (decrease) in cash 12,788,710 (8,872,512)
Cash at beginning of the period 7,743,181 14,186,624
Cash at end of the period 20,531,891 5,314,112
Cash paid during period for:    
Interest 131,528 132,425
Non-cash investing and financing activities:    
Accrued preferred dividends   129,493
Debt Conversion and Related Accrued Expenses 10,233,333  
Non-Cash Items Related to China Settlement:    
Accounts Receivable 3,314,146
Inventory 258,688
Pre-paid expense and other current assets 175,185
Accounts payable and accrued expenses $ (3,748,019)