Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 30,748,275 $ 49,459,564
Accounts receivable, net of allowance for doubtful accounts 4,108,567 1,567,039
Other current assets 1,161,537 864,616
Total current assets 36,018,379 51,891,219
FIXED ASSETS, net of accumulated depreciation 4,338,146 1,264,624
OTHER ASSETS    
Security deposits 1,564 1,564
Restricted cash 6,300,000 300,000
Loan guarantee and financing fees, net of accumulated amortization of $517,500 in 2013 0 310,500
Patents 476,971 401,709
Investment in joint venture 1,328,231 987,657
Other investments 39,393 0
Goodwill 3,130,574 0
Total other assets 11,276,733 2,001,430
Total Assets 51,633,258 55,157,273
CURRENT LIABILITIES    
Accounts payable and accrued expenses 4,564,065 2,346,240
Obligations under capital leases, current portion 57,606 51,400
Deferred revenue 384,354 199,560
Notes payable, current portion 280,854 22,298
Line of credit 0 6,000,000
Total current liabilities 5,286,879 8,619,498
Obligations under capital leases 322,939 309,777
Deferred rent payable 152,739 170,789
Line of credit 6,000,000 0
Warrant liability 145,000 594,000
Other long-term liabilities 767,663 0
Deferred revenue, long-term 936,496 0
Total liabilities 13,611,716 9,694,064
STOCKHOLDERS’ EQUITY    
Preferred stock, authorized 9,764,000 shares, $0.0001 par value, none issued 0 0
Common stock, authorized 100,000,000 shares, $0.0001 par value, 9,723,669 and 9,275,384 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 970 927
Additional paid-in capital 110,814,811 106,786,862
Accumulated deficit (72,794,239) (61,324,580)
Total Stockholders’ Equity 38,021,542 45,463,209
Total Liabilities and Stockholders’ Equity $ 51,633,258 $ 55,157,273