|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current assets |
|
|
| Cash and cash equivalents |
$ 15,946,425 |
$ 3,286,713 |
| Short-term investments, restricted |
53,391 |
53,257 |
| Accounts and other receivable, net |
1,889,327 |
3,926,681 |
| Inventory, net |
556,620 |
1,111,507 |
| Prepaid expenses and other current assets |
2,338,990 |
1,258,282 |
| Deferred costs, current portion |
1,091,387 |
316,551 |
| Total current assets |
21,876,140 |
9,952,991 |
| Property and equipment, net |
925,171 |
919,469 |
| Deferred costs |
3,547,007 |
482,349 |
| Intangible assets, net |
28,747,770 |
33,768,954 |
| Goodwill |
1,128,517 |
1,128,517 |
| Total assets |
56,224,605 |
46,252,280 |
| Current liabilities |
|
|
| Accounts payable |
1,877,736 |
3,351,844 |
| Accrued expenses |
6,218,224 |
4,666,828 |
| Deferred revenues, current portion |
402,377 |
740,990 |
| Note payable, current portion |
0 |
1,800,000 |
| Total current liabilities |
8,498,337 |
10,559,662 |
| Notes payable |
0 |
3,620,593 |
| Convertible debt, net of debt discount |
325,553 |
202,658 |
| Deferred revenues |
1,039,475 |
1,441,852 |
| Derivative liabilities |
29,846,821 |
3,248,595 |
| Other liabilities |
546,867 |
366,926 |
| Total liabilities |
40,257,053 |
19,440,286 |
| Commitments and contingencies (See Note 18) |
|
|
| Conditionally redeemable common stock (909,091 issued and outstanding) |
500,000 |
500,000 |
| Stockholders' equity |
|
|
| Common stock; $.0001 par value, authorized 425,000,000 shares; 2014 issued and outstanding - 125,680,100 shares; 2013 issued and outstanding - 107,164,855 shares |
12,477 |
10,626 |
| Common stock issuable |
392,950 |
432,100 |
| Additional paid-in capital |
125,173,973 |
117,097,844 |
| Accumulated deficit |
(110,111,848) |
(91,228,576) |
| Total stockholders' equity |
15,467,552 |
26,311,994 |
| Total liabilities and stockholders' equity |
$ 56,224,605 |
$ 46,252,280 |