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Unaudited Condensed Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 36,582,992 $ 45,161,403
Trade accounts receivable, net 8,097,808 5,154,996
Inventory 609,240 146,815
Prepaid expenses and other current assets 401,774 349,550
Total current assets 45,691,814 50,812,764
Property and equipment, net 1,157,517 807,086
Goodwill 2,740,447 1,249,956
Customer relationships, net 3,941,418 2,822,918
Intangible assets, net 2,406,415 286,719
Other assets 195,264 84,060
Total assets 56,132,875 56,063,503
Current liabilities:    
Accounts payable 4,153,498 3,949,005
Accrued bonus 1,198,950 1,748,551
Accrued liabilities 1,246,430 1,072,242
Deferred purchase price 1,000,000 1,000,000
Current portion of long-term notes payable 1,333,333 1,388,563
Current portion of deferred rent obligation under operating lease 81,332 81,332
Total current liabilities 9,013,543 9,239,693
Long-term notes payable 666,667 1,333,333
Deferred tax liability 27,497 6,166
Deferred rent obligation under operating lease 390,432 451,909
Total liabilities 10,098,139 11,031,101
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000,000 shares authorized at June 30, 2017 and December 31, 2016; 9,544,250 and 9,275,062 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 954 928
Additional paid in capital 89,269,808 88,582,470
Accumulated deficit (43,236,026) (43,550,996)
Total stockholders’ equity 46,034,736 45,032,402
Commitments and contingencies (note 12)
Total liabilities and stockholders’ equity $ 56,132,875 $ 56,063,503