Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 16,121,388 $ 10,646,301
Accounts receivable, net 2,718,396 3,157,555
Other receivables 5,531,025 5,469,011
Inventory, net 1,046,982 1,110,780
Prepaid expenses and other current assets 1,248,465 1,529,516
Restricted cash, current portion 77,846 18,730
Total current assets 26,744,102 21,931,893
Property and equipment, net 1,477,067 586,512
Intangibles assets, net 30,160,621 31,239,468
Goodwill 16,411,123 16,411,123
Restricted cash, net of current portion 77,118 81,725
Total assets 74,870,031 70,250,721
Current liabilities:    
Accounts payable 1,249,470 1,446,141
Accrued expenses and other current liabilities 21,815,097 19,731,373
Income taxes payable 1,814,650 2,032,258
Long-term debt, current portion 1,050,000 1,050,000
Contingent consideration, current portion 2,205,647 1,956,807
Total current liabilities 28,134,864 26,216,579
Long-term debt, net of current portion 14,303,540 14,327,882
Contingent consideration, net of current portion 6,796,641 7,093,757
Deferred tax liability, net 75,179 69,238
License obligations 1,250,000 1,250,000
Other long-term liabilities 1,189,277 385,517
Total liabilities 51,749,501 49,342,973
Stockholders’ equity:    
Common stock—$0.001 par value; 200,000,000 shares authorized at March 31, 2019 and December 31, 2018; 42,753,659 and 40,804,189 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 42,754 40,804
Preferred stock—$0.001 par value; 5,000,000 shares authorized at March 31, 2019 and December 31, 2018; 2,857,143 shares issued and outstanding at March 31, 2019 and December 31, 2018 2,857 2,857
Additional paid-in capital 128,747,037 119,082,157
Accumulated deficit (105,672,118) (98,218,070)
Total stockholders’ equity 23,120,530 20,907,748
Total liabilities and stockholders’ equity $ 74,870,031 $ 70,250,721