Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,022,286 $ 7,912,011
Accounts receivable, net 872,874 446,521
Inventories, net 648,009 251,338
Prepayments and other current assets 296,355 263,605
Total current assets 16,839,524 8,873,475
Property and equipment, net 925,899 374,376
Intangible assets, net 1,466,811 1,012,964
Other assets 17,920 17,920
Total assets 19,250,154 10,278,735
Current liabilities:    
Accounts payable 1,338,828 441,636
Accrued expenses 1,240,093 773,119
Total current liabilities $ 2,578,921 $ 1,214,755
Commitments
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 9,549,544 and 7,048,235 shares issued and outstanding at December 31, 2015 and 2014, respectively $ 9,550 $ 7,048
Additional paid-in capital 50,757,414 32,712,020
Treasury stock (2,657) (2,657)
Accumulated deficit (34,093,074) (23,652,431)
Total stockholders' equity 16,671,233 9,063,980
Total Liabilities and Stockholders' Equity $ 19,250,154 $ 10,278,735