Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,523,927 $ 2,472,187
Accounts receivable, net 2,830,354 2,935,025
Other receivables 55,578 427,241
Escrowed cash receivable 3,754,455 3,752,390
Inventory, net 3,440,148 382,153
Prepaid expenses and other current assets 774,310 703,225
Restricted cash—current portion 13,955 1,959
Total current assets 13,392,727 10,674,180
Property and equipment, net 58,205 44,612
Intangibles assets, net 33,100,071 17,664,480
Goodwill 18,678,495 14,292,282
Restricted cash, net of current portion 131,359 131,353
Total assets 65,360,857 42,806,907
Current liabilities:    
Accounts payable 3,165,940 1,298,980
Accrued expenses and other current liabilities 7,739,269 7,531,122
Income taxes payable 2,266,548 2,259,148
Long-term debt— current portion 787,500 0
Contingent consideration—short term 829,263 0
Total current liabilities 14,788,520 11,089,250
Long term debt, net of current portion and debt discount 14,590,254 0
Contingent consideration—long term 9,821,818 2,576,633
Deferred tax liability, net 23,057 7,144
License obligations 1,250,000 1,250,000
Other long-term liabilities 304,233 24,272
Total liabilities 40,777,882 14,947,299
Stockholders’ equity:    
Preferred stock—$0.001 par value; 5,000,000 shares authorized at March 31, 2018 and December 31, 2017; zero shares issued and outstanding at March 31, 2018 and December 31, 2017 0 0
Common stock—$0.001 par value; 200,000,000 shares authorized at March 31, 2018 and December 31, 2017; 31,410,335 and 31,266,989 shares issued and outstanding at March 31, 2018 and December 31, 2017 31,411 31,268
Additional paid-in capital 83,944,207 83,338,136
Contingently issuable shares 2,655,464 2,655,464
Accumulated deficit (62,048,107) (58,165,260)
Total stockholders’ equity 24,582,975 27,859,608
Total liabilities and stockholders’ equity $ 65,360,857 $ 42,806,907