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Unaudited Condensed Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,259,357 $ 15,026,068
Short term investments 18,817,655 21,287,064
Trade accounts receivable 6,854,651 8,418,132
Inventory 793,874 741,557
Prepaid expenses and other current assets 638,823 609,786
Total current assets 40,364,360 46,082,607
Property and equipment, net 1,423,211 1,036,860
Goodwill 3,700,447 3,700,447
Customer relationships, net 3,834,418 4,075,918
Intangible assets, net 955,141 1,052,333
Other assets 338,121 349,743
Total assets 50,615,698 56,297,908
Current liabilities:    
Accounts payable 3,975,266 3,969,083
Accrued bonus 1,498,455 2,224,517
Accrued liabilities 1,043,324 1,121,833
Deferred purchase price   1,000,000
Long-term notes payable 666,667 1,333,333
Current portion of deferred rent obligation under operating lease 81,332 81,332
Total current liabilities 7,265,044 9,730,098
Deferred tax liability 27,263 7,971
Deferred rent obligation under operating lease 282,923 334,860
Total liabilities 7,575,230 10,072,929
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000,000 shares authorized at June 30, 2018 and December 31, 2017; 9,753,086 and 9,616,992 shares issued at June 30, 2018 and December 31, 2017, respectively; 9,467,558 and 9,481,992 shares outstanding at June 30, 2018 and December 31, 2017, respectively 975 961
Additional paid in capital 92,335,565 89,907,766
Treasury stock, at cost: 285,528 and 135,000 shares at June 30, 2018 and December 31, 2017, respectively (2,580,273) (1,257,100)
Accumulated other comprehensive loss (9,920) (16,907)
Accumulated deficit (46,705,879) (42,409,741)
Total stockholders’ equity 43,040,468 46,224,979
Commitments and contingencies (note 14)
Total liabilities and stockholders’ equity $ 50,615,698 $ 56,297,908