v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and Cash Equivalents $ 9,914,867 $ 10,440,959
Short-Term Investments 5,390,184 6,368,177
Accounts Receivable 1,018,027 924,468
Inventories 5,020,146 3,445,773
Prepaid Expenses 313,914 111,027
Total Current Assets 21,657,138 21,290,404
Property and Equipment at Cost, Net 2,000,784 2,396,950
Other Assets:    
Deposits 27,163 27,163
Total Other Assets 27,163 27,163
TOTAL ASSETS 23,685,085 23,714,517
Current Liabilities:    
Accounts Payable 2,564,681 2,087,855
Accrued Expenses 2,385,356 1,968,384
Current Portion of Note Payable 6,111,111 0
Current Portion of Deferred Revenue 145,154 145,154
Current Portion of Leasehold Improvement Loan 16,559 15,139
Total Current Liabilities 11,222,861 4,216,532
Notes Payable, Net of Debt Discount 12,321,640 14,247,212
End of Term Liability, Notes Payable 1,790,000 1,432,000
Deferred Revenue, Net of Current Portion 2,690,033 2,832,867
Deferred Rent Liability 98,116 128,676
Leasehold Improvement Loan, Net of Current Portion 19,697 36,256
TOTAL LIABILITIES 28,142,347 22,893,543
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' (DEFICIENCY) EQUITY    
Common Stock $0.0001 par value 75,000,000 shares authorized, and 12,886,741 and 10,713,087 shares issued and outstanding as of December 31, 2016 and December 31, 2015,respectively 1,289 1,072
Additional Paid-in Capital 102,476,267 88,239,569
Accumulated Deficit (106,934,818) (87,419,667)
TOTAL STOCKHOLDERS' (DEFICIENCY) EQUITY (4,457,262) 820,974
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY $ 23,685,085 $ 23,714,517

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