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Unaudited Condensed Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 18,165,647 $ 45,161,403
Short term investments 18,463,148  
Trade accounts receivable, net 7,708,893 5,154,996
Inventory 609,850 146,815
Prepaid expenses and other current assets 749,074 349,550
Total current assets 45,696,612 50,812,764
Property and equipment, net 1,069,149 807,086
Goodwill 4,080,447 1,249,956
Customer relationships, net 3,832,501 2,822,918
Intangible assets, net 1,100,930 286,719
Other assets 186,042 84,060
Total assets 55,965,681 56,063,503
Current liabilities:    
Accounts payable 3,947,772 3,949,005
Accrued bonus 1,665,411 1,748,551
Accrued liabilities 1,088,385 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 9,116,233 9,239,693
Long-term notes payable 333,333 1,333,333
Deferred tax liability 73,875 6,166
Deferred rent obligation under operating lease 359,693 451,909
Total liabilities 9,883,134 11,031,101
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000,000 shares authorized at September 30, 2017 and December 31, 2016; 9,577,530 and 9,275,062 shares issued at September 30, 2017 and December 31, 2016, respectively; 9,525,330 and 9,275,062 shares outstanding at September 30, 2017 and December 31, 2016, respectively 957 928
Additional paid in capital 89,553,782 88,582,470
Treasury stock, at cost: 52,200 shares and no shares at September 30, 2017 and December 31, 2016, respectively (468,823)  
Accumulated other comprehensive loss (1,696)  
Accumulated deficit (43,001,673) (43,550,996)
Total stockholders’ equity 46,082,547 45,032,402
Commitments and contingencies (note 14)
Total liabilities and stockholders’ equity $ 55,965,681 $ 56,063,503