Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 10,688,000 $ 4,394,000
Investments held-to-maturity 0 16,863,000
Accounts receivable 78,000 165,000
Prepaid expenses and other current assets 375,000 364,000
TOTAL CURRENT ASSETS 11,141,000 21,786,000
PROPERTY AND EQUIPMENT    
Property and equipment 4,519,000 3,784,000
Less: Accumulated depreciation and amortization (2,634,000) (1,797,000)
Property and equipment, net 1,885,000 1,987,000
NONCURRENT ASSETS    
Domain name and other intangibles, net 33,000 79,000
Patents, net 1,543,000 1,295,000
Restricted cash 150,000 211,000
Goodwill 831,000 817,000
Operating lease right-of-use assets 2,496,000  
Other assets 68,000 69,000
TOTAL NONCURRENT ASSETS 5,121,000 2,471,000
TOTAL ASSETS 18,147,000 26,244,000
CURRENT LIABILITIES    
Accounts payable 1,100,000 695,000
Accrued expenses 521,000 464,000
Accrued salaries and payroll related expenses 2,368,000 1,835,000
Deferred revenue 1,731,000 271,000
Operating lease liabilities, current 612,000  
TOTAL CURRENT LIABILITIES 6,332,000 3,265,000
LONG-TERM LIABILITIES    
Deferred rent   81,000
Operating lease liabilities, net of current portion 2,059,000 0
TOTAL LIABILITIES 8,391,000 3,346,000
Commitments and contingencies (Note 12)
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 100,000,000 authorized and 33,156,246 outstanding as of December 31, 2019 and 27,391,290 outstanding as of December 31, 2018 33,000 27,000
Preferred stock, $0.001 par value, 3,000,000 shares authorized and none outstanding as of December 31, 2019 and December 31, 2018 0 0
Additional paid-in capital 132,214,000 115,450,000
Accumulated other comprehensive income and (loss) 1,000 (15,000)
Accumulated deficit (122,492,000) (92,564,000)
TOTAL STOCKHOLDERS’ EQUITY 9,756,000 22,898,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,147,000 $ 26,244,000