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Unaudited Condensed Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,747,420 $ 13,620,656
Short term investments 21,137,627 20,168,981
Trade accounts receivable 7,980,631 7,013,220
Inventory 1,283,060 1,351,104
Prepaid expenses and other current assets 916,126 931,254
Total current assets 43,064,864 43,085,215
Property and equipment, net 1,382,329 1,400,591
Goodwill 3,700,447 3,700,447
Customer relationships, net 3,472,168 3,592,918
Intangible assets, net 815,792 858,805
Other assets 207,449 269,136
Total assets 52,643,049 52,907,112
Current liabilities:    
Accounts payable 4,640,622 4,136,943
Accrued bonus 463,143 2,075,526
Accrued liabilities 1,198,030 1,217,019
Current portion of deferred rent obligation under operating lease 81,332 81,332
Total current liabilities 6,383,127 7,510,820
Deferred tax liability 43,211 37,577
Deferred rent obligation under operating lease 170,941 211,383
Total liabilities 6,597,279 7,759,780
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000,000 shares authorized at March 31, 2019 and December 31, 2018; 10,036,442 and 9,958,448 shares issued at March 31, 2019 and December 31, 2018, respectively, and 9,664,778 and 9,601,134 shares outstanding at March 31, 2019 and December 31, 2018, respectively 1,003 995
Additional paid in capital 94,328,206 93,583,069
Treasury stock, at cost: 371,664 shares and 357,314 shares at March 31, 2019 and December 31, 2018, respectively (3,624,808) (3,431,530)
Accumulated other comprehensive loss (1,013) (11,141)
Accumulated deficit (44,657,618) (44,994,061)
Total stockholders’ equity 46,045,770 45,147,332
Commitments and contingencies (note 12)
Total liabilities and stockholders’ equity $ 52,643,049 $ 52,907,112