Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and Cash Equivalents $ 23,471,941 $ 14,889,636
Accounts Receivable, Net 1,047,659 974,172
Accrued Project Revenue 0 497,784
Inventories, Net 6,802,593 3,852,317
Manufacturing Vendor Prepayments 513,714 154,717
Prepaid Expenses and Other Assets 1,501,951 873,947
Total Current Assets 33,337,858 21,242,573
Long-Term Assets    
Fixed Assets, Net 4,075,176 4,124,466
Patents and Trademarks, Net 1,069,954 813,774
Software Development Costs, Net 225,000 408,723
Other Assets 469,316 243,717
Total Assets 39,177,304 26,833,253
Current Liabilities    
Accounts Payable 1,796,062 3,726,056
Customer Deposits 316,460 73,462
Unearned Revenue 196,769 107,824
Accrued Expenses 1,242,620 1,389,771
Derivative Liability 0 152,927
Income and Other Taxes Payable 30,280 3,500
Total Current Liabilities 3,582,191 5,453,540
Total Liabilities 3,582,191 5,453,540
Stockholders' Equity    
Preferred Stock - $0.001 Par Value, 5,000,000 Shares Authorized; 49,626 and 49,626 Shares Issued and Outstanding as of September 30, 2018 and December 31, 2017 50 50
Common Stock - $0.001 Par Value, 100,000,000 Shared Authorized; 27,564,509 Shares Issued and Outstanding as of September 30, 2018 and 24,276,275 as of December 31, 2017. 27,564 24,276
Additional Paid-in Capital 148,270,081 117,827,839
Accumulated Deficit (112,702,582) (96,472,452)
Total Stockholders' Equity 35,595,113 21,379,713
Total Liabilities and Stockholders' Equity $ 39,177,304 $ 26,833,253