Stereotaxis
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8-K
STEREOTAXIS, INC. filed this Form 8-K on 03/06/2018
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STEREOTAXIS, INC.

BALANCE SHEETS

 

     December 31,
2017
    December 31,
2016
 
     (Unaudited)        

Assets

    

Current assets:

    

Cash and cash equivalents

   $ 3,686,302     $ 8,501,392  

Accounts receivable, net of allowance of $361,350 and $379,817 in 2017 and 2016, respectively

     4,287,255       4,665,959  

Inventories, net

     1,146,971       5,381,103  

Prepaid expenses and other current assets

     750,085       855,295  
  

 

 

   

 

 

 

Total current assets

     9,870,613       19,403,749  

Property and equipment, net

     592,688       1,086,244  

Intangible assets, net

     159,470       436,569  

Other assets

     44,432       39,241  
  

 

 

   

 

 

 

Total assets

   $ 10,667,203     $ 20,965,803  
  

 

 

   

 

 

 

Liabilities and stockholders’ deficit

    

Current liabilities:

    

Accounts payable

   $ 1,654,101     $ 2,623,010  

Accrued liabilities

     3,195,247       4,491,164  

Deferred revenue

     5,702,769       8,751,336  

Warrants

     19,574,977       19,787,007  
  

 

 

   

 

 

 

Total current liabilities

     30,127,094       35,652,517  

Long-term deferred revenue

     611,863       522,329  

Other liabilities

     535,369       320,409  
  

 

 

   

 

 

 

Total liabilities

     31,274,326       36,495,255  

Convertible preferred stock:

    

Convertible preferred stock, par value $0.001; 10,000,000 shares authorized, 23,900 shares outstanding at 2017 and 2016

     5,960,475       5,960,475  

Stockholders’ deficit:

    

Common stock, par value $0.001; 300,000,000 shares authorized, 22,805,731 and 22,063,582 shares issued at 2017 and 2016, respectively

     22,806       22,064  

Additional paid-in capital

     450,748,403       449,939,406  

Treasury stock, 4,015 shares at 2017 and 2016

     (205,999     (205,999

Accumulated deficit

     (477,132,808     (471,245,398
  

 

 

   

 

 

 

Total stockholders’ deficit

     (26,567,598     (21,489,927
  

 

 

   

 

 

 

Total liabilities and stockholders’ deficit

   $ 10,667,203     $ 20,965,803  
  

 

 

   

 

 

 
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