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10-Q
STEREOTAXIS, INC. filed this Form 10-Q on 08/08/2018
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ITEM 1.FINANCIAL STATEMENTS

 

STEREOTAXIS, INC.

BALANCE SHEETS

 

   June 30, 2018   December 31, 2017 
   (Unaudited)     
Assets        
Current assets:          
Cash and cash equivalents  $11,991,731   $3,686,302 
Accounts receivable, net of allowance of $297,409 and $361,350 in 2018 and 2017, respectively   4,793,396    4,287,255 
Inventories, net   1,545,393    1,146,971 
Prepaid expenses and other current assets   883,756    750,085 
Total current assets   19,214,276    9,870,613 
Property and equipment, net   366,447    592,688 
Intangible assets, net   126,476    159,470 
Other assets   262,037    44,432 
Total assets  $19,969,236   $10,667,203 
           
Liabilities and stockholders’ equity (deficit)          
Current liabilities:          
Accounts payable  $1,353,215   $1,654,101 
Accrued liabilities   2,958,873    3,195,247 
Deferred revenue   6,910,210    5,702,769 
Warrants   -    19,574,977 
Total current liabilities   11,222,298    30,127,094 
Long-term deferred revenue   523,646    611,863 
Other liabilities   534,413    535,369 
Total liabilities   12,280,357    31,274,326 
           
Convertible Preferred stock:          
Convertible Preferred stock, par value $0.001; 10,000,000 shares authorized, 23,900 shares outstanding at 2018 and 2017   5,960,475    5,960,475 
           
Stockholders’ equity (deficit):          
Common stock, par value $0.001; 300,000,000 shares authorized, 58,933,384 and 22,805,731 shares issued at 2018 and 2017, respectively   58,933    22,806 
Additional paid in capital   477,910,692    450,748,403 
Treasury stock, 4,015 shares at 2018 and 2017   (205,999)   (205,999)
Accumulated deficit   (476,035,222)   (477,132,808)
Total stockholders’ equity (deficit)   1,728,404    (26,567,598)
Total liabilities and stockholders’ equity (deficit)  $19,969,236   $10,667,203 

 

See accompanying notes.

 

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