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Unaudited Condensed Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 15,462,507 $ 15,026,068
Short term investments 17,515,408 21,287,064
Trade accounts receivable 8,180,047 8,418,132
Inventory 518,688 741,557
Prepaid expenses and other current assets 1,182,034 609,786
Total current assets 42,858,684 46,082,607
Property and equipment, net 1,418,657 1,036,860
Goodwill 3,700,447 3,700,447
Customer relationships, net 3,955,168 4,075,918
Intangible assets, net 1,003,737 1,052,333
Other assets 288,132 349,743
Total assets 53,224,825 56,297,908
Current liabilities:    
Accounts payable 4,215,806 3,969,083
Accrued bonus 718,924 2,224,517
Accrued liabilities 1,081,278 1,121,833
Deferred purchase price 1,000,000 1,000,000
Current portion of long-term notes payable 1,000,000 1,333,333
Current portion of deferred rent obligation under operating lease 81,332 81,332
Total current liabilities 8,097,340 9,730,098
Deferred tax liability 10,563 7,971
Deferred rent obligation under operating lease 319,182 334,860
Total liabilities 8,427,085 10,072,929
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000,000 shares authorized at March 31, 2018 and December 31, 2017; 9,669,962 and 9,616,992 shares issued at March 31, 2018 and December 31, 2017, respectively; 9,448,794 and 9,481,992 shares outstanding at March 31, 2018 and December 31, 2017, respectively 966 961
Additional paid in capital 90,370,362 89,907,766
Treasury stock, at cost: 221,168 shares and 135,000 shares at March 31, 2018 and December 31, 2017, respectively (2,037,013) (1,257,100)
Accumulated other comprehensive loss (21,043) (16,907)
Accumulated deficit (43,515,532) (42,409,741)
Total stockholders’ equity 44,797,740 46,224,979
Commitments and contingencies (note 14)
Total liabilities and stockholders’ equity $ 53,224,825 $ 56,297,908