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Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 13,620,656 $ 15,026,068
Short term investments 20,168,981 21,287,064
Trade accounts receivable 7,013,220 8,418,132
Inventory 1,351,104 741,557
Prepaid expenses and other current assets 931,254 609,786
Total current assets 43,085,215 46,082,607
Property and equipment, net 1,400,591 1,036,860
Goodwill 3,700,447 3,700,447
Customer relationships, net 3,592,918 4,075,918
Intangible assets, net 858,805 1,052,333
Other assets 269,136 349,743
Total assets 52,907,112 56,297,908
Current liabilities:    
Accounts payable 4,136,943 3,969,083
Accrued bonus 2,640,406 2,224,517
Accrued liabilities 652,139 1,121,833
Deferred purchase price   1,000,000
Current portion of long-term notes payable   1,333,333
Current portion of deferred rent obligation under operating lease 81,332 81,332
Total current liabilities 7,510,820 9,730,098
Deferred tax liability 37,577 7,971
Deferred rent obligation under operating lease 211,383 334,860
Total liabilities 7,759,780 10,072,929
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000,000 shares authorized at December 31, 2018 and December 31, 2017; 9,958,448 and 9,616,992 shares issued at December 31, 2018 and December 31, 2017, respectively; 9,601,134 and 9,481,992 shares outstanding at December 31, 2018 and December 31, 2017, respectively 995 961
Additional paid in capital 93,583,069 89,907,766
Treasury stock, at cost: 357,314 and 135,000 shares at December 31, 2018 and December 31, 2017, respectively (3,431,530) (1,257,100)
Accumulated other comprehensive loss (11,141) (16,907)
Accumulated deficit (44,994,061) (42,409,741)
Total stockholders’ equity 45,147,332 46,224,979
Commitments and contingencies (note 13)
Total liabilities and stockholders’ equity $ 52,907,112 $ 56,297,908