MiMedx (MDXG) 10-Q10 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 15, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'MIMEDX GROUP, INC.	'
Entity Central Index Key	'0001376339	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	106,938,400
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$47,253,003	$44,077,751
Accounts receivable, net	23,304,472	16,092,836
Inventory, net	4,738,690	3,880,776
Prepaid expenses and other current assets	1,968,290	1,337,408
Total current assets	77,264,455	65,388,771
Property and equipment, net of accumulated depreciation	5,052,209	4,086,106
Goodwill	4,040,443	4,040,443
Intangible assets, net of accumulated amortization	10,960,300	11,178,573
Total assets	97,317,407	84,693,893
Current liabilities:	'	'
Accounts payable	2,759,409	2,490,531
Accrued compensation	9,448,245	5,588,811
Accrued expenses	1,989,997	1,405,974
Other current liabilities	251,578	122,551
Total current liabilities	14,449,229	9,607,867
Other liabilities	1,611,927	1,517,956
Total liabilities	16,061,156	11,125,823
Commitments and contingencies (Note 11)	0	0
Stockholders' equity:	'	'
Preferred stock; $.001 par value; 5,000,000 shares authorized and 0 shares issued and outstanding	0	0
Common stock; $.001 par value; 130,000,000 shares authorized; 107,834,036 issued and 106,889,570 outstanding as of September 30, 2014 and 104,425,614 issued and 104,375,614 outstanding as of December 31, 2013	107,834	104,426
Additional paid-in capital	157,893,595	147,284,219
Treasury stock (944,466 shares as of September 30, 2014 and 50,000 shares as of December 31, 2013 at cost)	-5,337,077	-25,000
Accumulated deficit	-71,408,101	-73,795,575
Total stockholders' equity	81,256,251	73,568,070
Total liabilities and stockholders' equity	$97,317,407	$84,693,893

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Stockholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	130,000,000	130,000,000
Common stock, shares issued (in shares)	107,834,036	104,425,614
Common stock, shares outstanding (in shares)	106,889,570	104,375,614
Treasury stock, shares (in shares)	944,466	50,000

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$33,517,762	$16,115,708	$78,650,148	$41,186,943
Cost of sales	3,348,005	2,113,438	9,065,248	6,216,940
Gross margin	30,169,757	14,002,270	69,584,900	34,970,003
Operating expenses:	'	'	'	'
Research and development expenses	2,014,306	1,287,361	5,204,153	3,458,585
Selling, general and administrative expenses	24,192,479	12,711,225	61,237,264	31,948,607
Amortization of intangible assets	232,079	259,575	695,368	789,809
Operating income (loss)	3,730,893	-255,891	2,448,115	-1,226,998
Other income (expense), net	'	'	'	'
Amortization of debt discount	0	0	0	-1,328,439
Interest expense, net	-9,126	-4,527	-38,579	-32,503
Income (loss) before income tax provision	3,721,767	-260,418	2,409,536	-2,587,940
Income tax provision	-22,062	-46,700	-22,062	-96,975
Net income (loss)	$3,699,705	($307,118)	$2,387,474	($2,684,915)
Net income (loss) per common share - basic	$0.03	$0	$0.02	($0.03)
Net income (loss) per common share - diluted	$0.03	$0	$0.02	($0.03)
Weighted average shares outstanding - basic	105,756,945	96,914,856	105,331,344	95,429,988
Weighted average shares outstanding - diluted	112,814,658	96,914,856	112,525,016	95,429,988

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (unaudited) (USD $)	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Deficit
Balance at Dec. 31, 2013	$73,568,070	$104,426	$147,284,219	($25,000)	($73,795,575)
Balance (in shares) at Dec. 31, 2013	'	104,425,614	'	50,000	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Share-based compensation expense	8,160,678	'	8,160,678	'	'
Exercise of stock options	1,497,090	1,147	1,495,943	'	'
Exercise of stock options (in shares)	1,146,987	1,146,987	'	'	'
Exercise of warrants	868,625	1,080	867,545	'	'
Exercise of warrants (in shares)	'	1,079,583	'	'	'
Issuance of restricted stock	0	1,168	-1,168	'	'
Issuance of restricted stock (in shares)	'	1,168,694	'	'	'
Shares issued for services performed	86,391	13	86,378	'	'
Shares issued for services performed (in shares)	13,158	13,158	'	'	'
Stock repurchase	-5,312,077	'	'	-5,312,077	'
Stock repurchase (in shares)	'	'	'	894,466	'
Net income	2,387,474	'	'	'	2,387,474
Balance at Sep. 30, 2014	$81,256,251	$107,834	$157,893,595	($5,337,077)	($71,408,101)
Balance (in shares) at Sep. 30, 2014	'	107,834,036	'	944,466	'

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income	$2,387,474	($2,684,915)
Adjustments to reconcile net income (loss) to net cash from operating activities:	'	'
Depreciation	864,158	422,524
Amortization of intangible assets	695,368	789,809
Amortization of debt discount and deferred financing costs	0	1,328,439
Share-based compensation	8,160,678	4,155,005
Increase (decrease) in cash resulting from changes in:	'	'
Accounts receivable	-7,211,636	-6,052,963
Inventory	-857,914	-1,510,278
Prepaid expenses and other current assets	-630,882	-913,644
Other assets	0	70,000
Accounts payable	355,269	954,094
Accrued compensation	3,859,434	1,807,143
Accrued expenses	584,023	419,462
Accrued interest	0	-41,641
Other liabilities	311,520	132,302
Net cash flows from operating activities	8,517,492	-1,124,663
Cash flows from investing activities:	'	'
Purchases of equipment	-1,830,261	-2,008,407
Patent application costs	-477,095	-526,566
Net cash flows from investing activities	-2,307,356	-2,534,973
Cash flows from financing activities:	'	'
Proceeds from exercise of warrants	868,625	1,480,124
Proceeds from exercise of stock options	1,497,090	1,516,580
Stock repurchase	-5,312,077	0
Principal payments of equipment leases	-88,522	-29,797
Net cash flows from financing activities	-3,034,884	2,966,907
Net change in cash	3,175,252	-692,729
Cash and cash equivalents, beginning of period	44,077,751	6,754,485
Cash and cash equivalents, end of period	$47,253,003	$6,061,756

Basis_of_Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. Changes to GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of Accounting Standards Updates (“ASU’’) to the FASB’s Accounting Standards Codification (“ASC”). In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the results of operations for the periods presented have been included. Operating results for the nine months ended September 30, 2014 and 2013, are not necessarily indicative of the results that may be expected for the fiscal year. The balance sheet at December 31, 2013, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements.
	You should read these condensed consolidated financial statements together with the historical consolidated financial statements of the Company for the year ended December 31, 2013, included in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, filed with the SEC on March 4, 2014.
	The Company operates in one business segment, Regenerative Biomaterials, which includes the design, manufacture, and marketing of products and tissue processing services for the Wound Care, Surgical, Sports Medicine, Ophthalmic and Dental market categories. The Company's biomaterial platform technologies include tissue technologies, AmnioFix® and EpiFix®, and device technology, CollaFix™.

Significant_Accounting_Policie

Significant Accounting Policies	9 Months Ended
Significant Accounting Policies	Sep. 30, 2014
Accounting Policies [Abstract]	'
Significant Accounting Policies	'
	Significant Accounting Policies
	Please see Note 2 to the Company's Consolidated Financial Statements included in the Company’s Form 10-K for the fiscal year ended December 31, 2013, for a description of all significant accounting policies.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Accounts Receivable
	Accounts receivable represent amounts due from customers for which revenue has been recognized. Generally, the Company does not require collateral or any other security to support its receivables.
	The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing receivables. The Company determines the allowance based on factors such as historical collection experience, customers' current creditworthiness, customer concentrations, age of accounts receivable balance and general economic conditions that may affect the customers' ability to pay.
	Inventories
	Inventory is valued at standard cost, which approximates actual cost computed on a first-in, first-out basis, not in excess of market value. The Company assesses the valuation of its inventory on a periodic basis and makes adjustments to the value for estimated excess and obsolete inventory based on estimates about future demand. The excess balance determined by this analysis becomes the basis for the Company's excess inventory charge. The Company's excess inventory review process includes analysis of sales forecasts, managing product rollovers and working with operations to maximize recovery of excess inventory.
	Revenue Recognition
	The Company sells its products through a combination of a direct sales force and independent stocking distributors and representatives in the U.S. and independent distributors in international markets. The Company recognizes revenue when title to the goods transfers to customers, provided there are no material remaining performance obligations required of the Company or any matters of customer acceptance. In cases where the Company utilizes distributors or ships product directly to the end user, it recognizes revenue upon shipment provided all revenue recognition criteria have been met. A portion of the Company's revenue is generated from inventory maintained at hospitals or with the field representatives. For these products, revenue is recognized at the time the product has been used or implanted. The Company records estimated sales returns, discounts and allowances as a reduction of net sales in the same period revenue is recognized.

	Patent Costs
	The Company incurs certain legal and related costs in connection with patent applications for tissue-based products and processes. The Company capitalizes such costs to be amortized over the expected life of the patent to the extent that an economic benefit is anticipated from the resulting patent or alternative future use is available to the Company and are included in Intangible Assets in the Condensed Consolidated Balance Sheets. The Company capitalized approximately $477,000 of patent costs during the first nine months of 2014. The Company capitalized approximately $527,000 of patent costs during the first nine months of 2013.

	Recent Accounting Pronouncements
	The Company considers the applicability and impact of all ASUs issued effective and not yet effective. In May 2014, the Financial Accounting Standards Board issued ASU 2014-09, “Revenue Recognition - Revenue from Contracts with Customers” (ASU 2014-09) that requires companies to recognize revenue when a customer obtains control rather than when companies have transferred substantially all risks and rewards of a good or service. This update is effective for annual reporting periods beginning on or after December 15, 2016 and interim periods therein and requires expanded disclosures. We are currently assessing the impact the adoption of ASU 2014-09 will have on our condensed consolidated financial statements. All other ASUs issued effective and not yet effective for the nine months ended September 30, 2014, and through the date of this report, were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's financial position or results of operations.

Liquidity_and_Managements_Plan

Liquidity and Management's Plans	9 Months Ended
Liquidity and Management's Plans	Sep. 30, 2014
Liquidity and management's plans [Abstract]	'
Liquidity and Management's Plans	'
	Liquidity and Management’s Plans
	As of September 30, 2014, the Company had approximately $47,253,000 of cash and cash equivalents. The Company reported total current assets of approximately $77,264,000 and current liabilities of approximately $14,449,000 as of September 30, 2014. The Company believes that its anticipated cash from operating and financing activities, and existing cash and cash equivalents will enable the Company to meet its operational liquidity needs and fund its planned investing activities for the next twelve months.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories
	Inventories consisted of the following items as of September 30, 2014, and December 31, 2013:


		September 30, 2014			December 31, 2013
	Raw materials	$	270,191		$	202,414

	Work in process	3,228,525			2,951,704

	Finished goods	1,664,729			1,048,886

		5,163,445			4,203,004

	Reserve for obsolescence	(424,755		)	(322,228		)
	Inventory, net	$	4,738,690		$	3,880,776

Property_and_Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property and Equipment	'
	Property and Equipment
	Property and equipment consist of the following as of September 30, 2014, and December 31, 2013:


		September 30,			December 31,
		2014			2013
	Leasehold improvements	$	2,491,731		$	2,319,928

	Lab and clean room equipment	2,804,547			2,025,263

	Furniture and office equipment	2,090,776			1,240,466

	Construction in progress	831,183			802,319

		8,218,237			6,387,976

	Less accumulated depreciation	(3,166,028		)	(2,301,870		)
		$	5,052,209		$	4,086,106

	Included in net property and equipment is approximately $427,000 of equipment covered under capital leases. The corresponding liability is included in other liabilities in the accompanying Condensed Consolidated Balance Sheets. Interest rates for these leases range from approximately 3% to 12% with maturity dates from September 2016 to January 2018.
	Also included is approximately $1.0 million in leasehold improvements paid for by the landlord of the Company's new facility with a corresponding liability included in other liabilities which is amortized over the term of the lease.
	Depreciation expense for the nine months ended September 30, 2014 and 2013, was approximately $864,000 and $423,000, respectively, and $313,000 and $185,000 for the three months ended September 30, 2014 and 2013, respectively.

Intangible_Assets_and_Royalty_

Intangible Assets and Royalty Agreement	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Intangible Assets and Royalty Agreement	'
	Intangible Assets and Royalty Agreement
	Intangible assets are summarized as follows:


		Weighted		30-Sep-14			31-Dec-13
		Average		Cost			Cost
		Amortization
		Lives
	Licenses (a) (b)	10 years		$	1,009,000		$	1,009,000

	Patents & Know How (b)	14 years		7,888,856			7,798,910

	Customer & Supplier Relationships (b)	14 years		3,761,000			3,761,000

	Tradenames & Trademarks (b)	indefinite		1,008,000			1,008,000

	In Process Research & Development (b)	indefinite		25,000			25,000

	Patents in Process (c)	indefinite		967,136			579,987

	Total			14,658,992			14,181,897

	Less Accumulated amortization			(3,698,692		)	(3,003,324		)
	Net			$	10,960,300		$	11,178,573


	(a)	On January 29, 2007, the Company acquired a license from Shriners Hospitals for Children and University of South Florida Research Foundation, Inc. in the amount of $996,000. Within 30 days after the receipt by the Company of approval by the FDA allowing the sale of the first licensed product, the Company is required to pay an additional $200,000 to the licensor. Due to its contingent nature, this amount is not recorded as a liability. The Company will also be required to pay a royalty of 3% on all commercial sales revenue from the licensed products. The Company is also obligated to pay a $50,000 minimum annual royalty payment over the life of the license. As of September 30, 2014, this license had a remaining net book value of approximately $234,000.

	(b)	On January 5, 2011, the Company acquired Surgical Biologics, LLC. As a result, the Company recorded intangible assets for Customer & Supplier Relationships of $3,761,000, Patents & Know-How of $7,690,000, Licenses of $13,000, Trade Names & Trademarks of $1,008,000 and In-Process Research & Development of $25,000. For the nine months ended September 30, 2014 an additional $89,946 of costs associated with patents granted during the period were capitalized and included in Patents & Know-How subject to amortization.

	(c)	Patents in Process consist of capitalized external legal and other registration costs in connection with internally developed tissue-based patents that are pending. Once issued, the costs associated with a given patent will be included in Patents & Know-How under intangible assets subject to amortization.

	Amortization expense for the nine months ended September 30, 2014 and 2013, was approximately $695,000, and $790,000, respectively, and $232,000 and $260,000 for the three months ended September 30, 2014 and 2013, respectively.
	Expected future amortization of intangible assets as of September 30, 2014, is as follows:


	Year ending December 31,	Estimated
		Amortization
		Expense
	2014 (a)	$	232,306

	2015	929,226

	2016	929,226

	2017	839,593

	2018	829,626

	Thereafter	6,192,323

		$	9,952,300

	(a) Estimated amortization expense for the year ending December 31, 2014, includes only amortization to be recorded after September 30, 2014.

Net_Income_Loss_Per_Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Net Income (loss) Per Share	'
	Net Income (Loss) Per Share
	Basic net income (loss) per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is computed using the weighted-average number of common and dilutive common equivalent shares from stock options, restricted stock, and warrants (see Note 8) using the treasury stock method. For the three and nine months ended September 30, 2013, diluted net loss per share is the same as basic net loss per share, as the inclusion of equivalent shares from outstanding common stock options, restricted stock, and warrants would be anti-dilutive.
	The following table sets forth the computation of basic and diluted net income (loss) per share:


		Three months ended						Nine months ended
		September 30,						September 30,
		2014			2013			2014		2013
	Net income (loss)	$	3,699,705		$	(307,118	)	$	2,387,474	$	(2,684,915	)

	Denominator for basic earnings per share - weighted average shares	105,756,945			96,914,856			105,331,344		95,429,988

	Effect of dilutive securities: Stock options, restricted stock, and warrants outstanding(a)	7,057,713			—			7,193,672		—

	Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	112,814,658			96,914,856			112,525,016		95,429,988

	Income (loss) per common share - basic	$	0.03		$	—		$	0.02	$	(0.03	)

	Income (loss) per common share - diluted	$	0.03		$	—		$	0.02	$	(0.03	)

	(a) Securities outstanding that are included in the computation above, utilizing the treasury stock method for the three and nine months ended September 30, 2014, are as follows:


		Three Months		Nine Months
		30-Sep-14
	Outstanding Stock Options	6,651,994		6,752,310

	Outstanding Warrants	194,002		275,593

	Restricted Stock Awards	211,717		165,769

		7,057,713		7,193,672

	Securities outstanding for the three and nine months ended September 30, 2013 were excluded from the computation of diluted earnings per share because they would have been anti - dilutive.

Equity

Equity	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Equity	'
	Equity
	Stock Incentive Plans
	The Company has three share-based compensation plans: the MiMedx Group, Inc. Assumed 2006 Stock Incentive Plan (the “2006 Plan”), the MiMedx Inc. 2007 Assumed Stock Plan (the “Assumed 2007 Plan”) and the MiMedx Group Inc. Amended and Restated Assumed 2005 Stock Plan (the “Assumed 2005 Plan”) which provide for the granting of qualified incentive and non-qualified stock options, stock appreciation awards and restricted stock awards to employees, directors, consultants and advisors. The awards are subject to a vesting schedule as set forth in each individual agreement. The Company intends to use only the 2006 Plan to make future grants. The number of assumed options under the Assumed 2005 Plan and Assumed 2007 Plan outstanding at September 30, 2014, totaled 375,000. On July 28, 2014, the Company's shareholders approved 4,000,000 additional shares to be made available under the 2006 Plan, bringing the maximum number of shares of common stock that can be issued under the 2006 Plan to 26,500,000 at September 30, 2014.
	Activity with respect to the stock options is summarized as follows:


		Number			Weighted-				Weighted-Average		Aggregate
		of			Average				Remaining		Intrinsic
		Shares			Exercise				Contractual Term		Value
					Price				(in years)
	Outstanding at January 1, 2014	15,375,960			$	2.46

	Granted	2,948,969			7.03

	Exercised	(1,146,987	)		1.31

	Unvested options forfeited	(249,670	)		4.04

	Vested options expired	(84,332	)		0.81

	Outstanding at September 30, 2014	16,843,940			3.32				7.5		$	64,630,326

	Vested at September 30, 2014	8,987,368			1.87				6.7		47,252,742

	Vested or expected to vest at September 30, 2014 (a)	16,515,621			$	3.27			7.5		$	64,242,362


	(a)	Includes forfeiture adjusted unvested shares.
	The intrinsic value of the options exercised during the nine months ended September 30, 2014, was approximately $6,517,614.
	Following is a summary of stock options outstanding and exercisable at September 30, 2014:


		Options Outstanding									Options Exercisable
	Range of Exercise Prices	Number outstanding			Weighted-Average		Weighted-				Number Exercisable			Weighted-
					Remaining		Average							Average
					Contractual Term		Exercise							Exercise Price
					(in years)		Price
	$0.50 - $0.76	720,364			4.7		$	0.72			720,364			$	0.72

	$0.87 - $1.35	6,102,250			6.9		1.2				4,911,058			1.19

	$1.40 - $2.29	1,482,701			5.3		1.64				1,361,032			1.65

	$2.33 - $3.75	1,842,320			8		2.77				889,298			2.69

	$3.95 - $5.99	3,443,402			8.6		5.15				911,797			5.02

	$6.02 - $8.34	3,252,903			9		7.03				193,819			6.37

		16,843,940			7.5		$	3.32			8,987,368			$	1.87


	Total unrecognized compensation expense related to granted stock options at September 30, 2014, was approximately $16,675,914 and is expected to be recognized over a weighted-average period of 2.0 years.
	The fair value of options granted by the Company is estimated on the date of grant using the Black-Scholes-Merton option-pricing model that uses assumptions for expected volatility, expected dividends, expected term, and the risk-free interest rate. Expected volatilities are based on historical volatility of peer companies and other factors estimated over the expected term of the options. The term of employee options granted is derived using the “simplified method,” which computes expected term as the average of the sum of the vesting term plus the contract term. The term for non-employee options is generally based upon the contractual term of the option. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the period of the expected term or contractual term as described.
	The assumptions used in calculating the fair value of options using the Black-Scholes-Merton option-pricing model are set forth in the following table:


		Nine Months Ended September 30,
		2014			2013
	Expected volatility	63.6- 64.5%			61.41 - 64.56%

	Expected life (in years)	5.0 - 6.0			6

Expected dividend yield	—			—

Risk-free interest rate	1.69% - 1.96%			0.85% -1.88%

The weighted-average grant date fair value for options granted during the nine months ended September 30, 2014, was approximately $4.09.

Restricted Stock Awards
Activity with respect to restricted stock awards is summarized as follows:


	Number			Weighted-Average Grant Date
	of			Fair Value
	Shares
Unvested at December 31, 2013	576,550			$5.53

Granted	592,864			7.05

Vested	(154,758	)		5.72
Forfeited	(720	)		7.24

Unvested at September 30, 2014	1,013,936			$6.40

As of September 30, 2014, there was approximately $4,983,312 of total unrecognized stock-based compensation related to time-based, nonvested restricted stock. That expense is expected to be recognized on a straight-line basis over a weighted-average period of 2.1 years. All shares noted above as unvested are considered issued and outstanding at September 30, 2014.
Additionally, during the nine months ended September 30, 2014, 5,611 shares of common stock valued at approximately $39,000 were issued under the 2006 Plan to a consultant in return for services performed.
For the three and nine months ended September 30, 2014 and 2013, the Company recognized stock-based compensation as follows:


	Three Months Ended								Nine Months Ended
	September 30,								September 30,
	2014				2013				2014				2013
Cost of sales	$	70,424			$	75,287			$	242,689			$	198,119

Research and development	170,426				110,694				493,078				309,461

Selling, general and administrative	2,781,112				1,481,785				7,424,911				3,647,425

	$	3,021,962			$	1,667,766			$	8,160,678			$	4,155,005


Warrants
The Company grants common stock warrants in connection with equity share purchases by investors as an additional incentive for providing long term equity capital to the Company and as additional compensation to consultants and advisors. The warrants are granted at negotiated prices in connection with the equity share purchases and at the market price of the common stock in other instances. The warrants have been issued for terms of five years.

Following is a summary of the warrant activity for the nine months ended September 30, 2014:


	Number			Weighted-Average
	of			Exercise Price
	Warrants			per warrant
Warrants outstanding at January 1, 2014	1,284,816			$	0.9

Warrants exercised	(1,079,583	)		0.8

Warrants outstanding at September 30, 2014	205,233			$	1.42



Warrants may be exercised in whole or in part by notice given by the holder accompanied by payment in cash of an amount equal to the warrant exercise price multiplied by the number of warrant shares being purchased.
These warrants are not mandatorily redeemable, and do not obligate the Company to repurchase its equity shares by transferring assets or issuing a variable number of shares.
The warrants require that the Company deliver shares as part of a physical settlement and do not provide for a net-cash settlement.
All of the Company's warrants are classified as equity as of September 30, 2014, and December 31, 2013 and expire at various times through the end of 2016.

Income_taxes

Income taxes	9 Months Ended
Income taxes	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income taxes	'
	Income taxes

	The effective tax rates for continuing operations of 0.92% and (3.75%), respectively, for the nine months ended September 30, 2014 and September 30, 2013, were determined using an estimated annual effective tax rate and after considering any discrete items for such periods. Due to a valuation allowance against the Company's U.S. deferred tax assets, the effective tax rate for the nine months ended September 30, 2014, does not include the benefit of the current period U.S. tax loss. A valuation allowance is recorded to reduce the deferred tax assets reported if, based on the weight of the evidence, it is more likely than not that a portion or none of the deferred tax assets will be realized. After consideration of all the evidence, including reversal of deferred tax liabilities, future taxable income and other factors, management has determined that a full valuation allowance is necessary as of September 30, 2014. As a result, income tax expense for the nine months ended September 30, 2014, is primarily due to income tax expense in certain state jurisdictions.

Supplemental_disclosure_of_cas

Supplemental disclosure of cash flow and non-cash investing and financing activities	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
Supplemental disclosure of cash flow and non-cash investing and financing activities	'
	Supplemental disclosure of cash flow and non-cash investing and financing activities:

	Selected cash payments, receipts, and noncash activities are as follows:


		Nine Months Ended September 30,
		2014		2013
	Cash paid for interest	$	38,347	$	22,971

	Prepaid income taxes	80,953		96,967

	Purchases of equipment financed through capital leases	—		107,259

	Stock issuance of 13,158 shares in exchange for services performed	86,391		—

	Stock issuance of 5,272,004 shares in exchange for convertible debt	—		5,272,004

	Tenant improvement incentive	—		996,866

Contractual_Commitments_and_Co

Contractual Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contractual Commitments and Contingencies	'
	Contractual Commitments and Contingencies

	Contractual Commitments
	In addition to the Capital Leases noted above in Note 5, the Company has entered into operating lease agreements for facility space and equipment. These leases expire over the next five years and generally contain renewal options. The Company anticipates that most of these leases will be renewed or replaced upon expiration. The Company also has commitments for meeting space and to various charitable organizations. The estimated annual lease payments, meeting space and charitable organization commitments are as follows:


	12-month period ended September 30
	2015	$	1,879,579

	2016	1,863,354

	2017	1,523,923

	2018	1,463,054

	2019	478,325

		$	7,208,235

	Rent expense for the nine months ended September 30, 2014 and 2013, was approximately $847,000 and $762,000, respectively, and was $282,000 and $364,000 for the three months ended September 30, 2014 and 2013, respectively, and is allocated among cost of sales, research and development, and selling, general and administrative expenses.

	Letters of Credit
	As a condition of the leases for the Company's facilities, the Company is obligated under standby letters of credit in the amount of approximately $500,000. These obligations are reduced at various times over the lives of the leases.

	FDA Untitled Letter and Related Litigation
	Initially, MiMedx processed its tissue allografts in only one form, which was a sheet form. In 2011, MiMedx introduced a micronized form of its sheet allografts.
	The FDA has specific regulations governing human cells, tissues and cellular and tissue-based products, or HCT/Ps. An HCT/P is a product containing or consisting of human cells or tissue intended for transplantation into a human patient. If an HCT/P meets the criteria for regulation solely under Section 361 of the Public Health Service Act (so-called “361 HCT/Ps”), no FDA review for safety and effectiveness under a drug, device, or biological product marketing application is required.
	MiMedx believes that all of its tissue products qualify as 361 HCT/Ps. On August 28, 2013, however, the FDA issued an Untitled Letter alleging that the Company’s micronized allografts do not meet the criteria for regulation solely under Section 361 of the Public Health Service Act and that, as a result, MiMedx would need a biologics license to lawfully market the micronized products.
	In December 2013, the FDA clarified the basis for its position regarding the micronized products. Specifically, the FDA explained its belief that “[c]ryo-milling cut, dehydrated amniotic/chorionic membrane results in a micron-sized powder and the loss of the tensile strength and elasticity that are essential characteristics of the original amniotic/chorionic tissue relating to its utility to function as a ‘physical membrane’ (i.e. covering, barrier).” The Company responded to the FDA that while it does not agree with the Agency’s position, it understands the Agency’s interest in further regulating this emerging technology. Accordingly, the Company proposed to the FDA that it would pursue the Investigational New Drug (“IND”) and Biologics License Application (“BLA”) process for certain micronized products, and, in parallel, also proposed to enter into negotiations with the FDA on a plan to transition the micronized products to licensed biological products and continue to market the micronized products under specific conditions.
	On July 22, 2014, the Company filed its first IND application with the FDA. The application was allowed, paving the way for a Phase IIb clinical trial of its micronized product for a specified indication of use in anticipation of a BLA, which the Company expects to submit at a future date. The clinical trial is expected to enroll approximately 150 patients in 10 - 20 clinical sites in the U.S. The Company anticipates initiating the trial in the first half of 2015.
	The Company also requested a transition agreement to allow it to continue to market its current micronized products for certain specified uses while pursuing one or more BLAs. The Agency continues to assert that the current form of the Company’s micronized products are more than minimally manipulated and therefore are not eligible for marketing solely under Section 361 of the Public Health Service Act. The Company has asked the FDA to consider alternative formulations of the Company’s particulate products and is awaiting a response. The Company also has conducted tests and has engaged independent laboratories to conduct tests that confirm that tensile strength and elasticity are not diminished by the Company’s micronization process.
	If the FDA does allow the Company to continue to market a particulate form of its sheet allografts, they may impose conditions, such as labeling restrictions and compliance with Current Good Manufacturing Practices (“cGMP”). It is also possible that the FDA will not allow the Company to market any form of a particulate product without a biologics license and could even require us to recall our current products. Revenues from micronized products make up about 15% of projected revenues in 2014.
	Following the publication of the Untitled Letter from the FDA regarding the Company’s micronized products in September 2013, the trading price of the Company’s stock dropped sharply and several purported class action lawsuits were filed against the Company and certain of its executive officers asserting violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 with respect to various statements and alleged omissions related to the Company’s belief that FDA approval was not required to market its products, including its micronized products. These cases have now all been removed to, and consolidated in, the United States District Court for the Northern District of Georgia. By order dated December 9, 2013, the Court approved the appointment of a lead plaintiff and a lead counsel. A Consolidated Amended Class Action Complaint, containing substantially the same causes of action and claims for relief as the initial complaints, was filed on January 27, 2014. On February 26, 2014, the Company filed a Motion to Dismiss on various grounds. The Court subsequently denied the Company’s Motion to Dismiss. On September 8, 2014, the Company filed a Motion for Reconsideration, which is currently pending. The Company currently believes that the outcome of this litigation will not have a material adverse impact on the Company's financial position or results of operations.

Subsequent_Events_Notes

Subsequent Events (Notes)	9 Months Ended
Subsequent Events (Notes)	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	None

Schedule_II_Valuation_and_Qual

Schedule II - Valuation and Qualifying Accounts	9 Months Ended
	Sep. 30, 2014
Valuation and Qualifying Accounts [Abstract]	'
Schedule II - Valuation and Qualifying Accounts	'
	Schedule II Valuation and Qualifying Accounts


	MIMEDX GROUP, INC. AND SUBSIDIARIES
	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
	Three and Nine Months Ended September 30, 2014 and 2013

		Balance at		Additions charged to Expense or Revenue		Deductions			Balance at
		Beginning of Period				and write-offs			End of Period

	For the Quarter ended September 30, 2014
	Allowance for doubtful accounts	$	678,000	$	523,000	$	—		$	1,201,000

	Allowance for product returns	270,000		806,000		(399,000		)	677,000

	Allowance for obsolescence	352,000		76,000		(3,000		)	425,000


	For the Quarter ended September 30, 2013
	Allowance for doubtful accounts	44,000		73,000		(2,000		)	115,000

	Allowance for product returns	162,000		178,000		(153,000		)	187,000

	Allowance for obsolescence	242,000		131,000		—			373,000


	For the nine months ended September 30, 2014
	Allowance for doubtful accounts	407,000		808,000		(14,000		)	1,201,000

	Allowance for product returns	215,000		1,419,000		(957,000		)	677,000

	Allowance for obsolescence	322,000		140,000		(37,000		)	425,000



	For the nine months ended September 30, 2013
	Allowance for doubtful accounts	49,000		99,000		(33,000		)	115,000

	Allowance for product returns	88,000		648,000		(549,000		)	187,000

	Allowance for obsolescence	159,000		214,000		—			373,000

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2014
Accounting Policies [Abstract]	'
Use of estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Accounts Receivable	'
	Accounts Receivable
	Accounts receivable represent amounts due from customers for which revenue has been recognized. Generally, the Company does not require collateral or any other security to support its receivables.
	The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing receivables. The Company determines the allowance based on factors such as historical collection experience, customers' current creditworthiness, customer concentrations, age of accounts receivable balance and general economic conditions that may affect the customers' ability to pay.
Inventories	'
	Inventories
	Inventory is valued at standard cost, which approximates actual cost computed on a first-in, first-out basis, not in excess of market value. The Company assesses the valuation of its inventory on a periodic basis and makes adjustments to the value for estimated excess and obsolete inventory based on estimates about future demand. The excess balance determined by this analysis becomes the basis for the Company's excess inventory charge. The Company's excess inventory review process includes analysis of sales forecasts, managing product rollovers and working with operations to maximize recovery of excess inventory.
Revenue Recognition	'
	Revenue Recognition
	The Company sells its products through a combination of a direct sales force and independent stocking distributors and representatives in the U.S. and independent distributors in international markets. The Company recognizes revenue when title to the goods transfers to customers, provided there are no material remaining performance obligations required of the Company or any matters of customer acceptance. In cases where the Company utilizes distributors or ships product directly to the end user, it recognizes revenue upon shipment provided all revenue recognition criteria have been met. A portion of the Company's revenue is generated from inventory maintained at hospitals or with the field representatives. For these products, revenue is recognized at the time the product has been used or implanted. The Company records estimated sales returns, discounts and allowances as a reduction of net sales in the same period revenue is recognized.
Patent Costs	'
	Patent Costs
	The Company incurs certain legal and related costs in connection with patent applications for tissue-based products and processes. The Company capitalizes such costs to be amortized over the expected life of the patent to the extent that an economic benefit is anticipated from the resulting patent or alternative future use is available to the Company and are included in Intangible Assets in the Condensed Consolidated Balance Sheets. The Company capitalized approximately $477,000 of patent costs during the first nine months of 2014. The Company capitalized approximately $527,000 of patent costs during the first nine months of 2013.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company considers the applicability and impact of all ASUs issued effective and not yet effective. In May 2014, the Financial Accounting Standards Board issued ASU 2014-09, “Revenue Recognition - Revenue from Contracts with Customers” (ASU 2014-09) that requires companies to recognize revenue when a customer obtains control rather than when companies have transferred substantially all risks and rewards of a good or service. This update is effective for annual reporting periods beginning on or after December 15, 2016 and interim periods therein and requires expanded disclosures. We are currently assessing the impact the adoption of ASU 2014-09 will have on our condensed consolidated financial statements. All other ASUs issued effective and not yet effective for the nine months ended September 30, 2014, and through the date of this report, were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's financial position or results of operations

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventory	'
	Inventories consisted of the following items as of September 30, 2014, and December 31, 2013:


		September 30, 2014			December 31, 2013
	Raw materials	$	270,191		$	202,414

	Work in process	3,228,525			2,951,704

	Finished goods	1,664,729			1,048,886

		5,163,445			4,203,004

	Reserve for obsolescence	(424,755		)	(322,228		)
	Inventory, net	$	4,738,690		$	3,880,776

Property_and_Equipment_Tables

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property and Equipment	'
	Property and equipment consist of the following as of September 30, 2014, and December 31, 2013:


		September 30,			December 31,
		2014			2013
	Leasehold improvements	$	2,491,731		$	2,319,928

	Lab and clean room equipment	2,804,547			2,025,263

	Furniture and office equipment	2,090,776			1,240,466

	Construction in progress	831,183			802,319

		8,218,237			6,387,976

	Less accumulated depreciation	(3,166,028		)	(2,301,870		)
		$	5,052,209		$	4,086,106

Intangible_Assets_and_Royalty_1

Intangible Assets and Royalty Agreement (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Intangible assets activity summary	'
	Intangible assets are summarized as follows:


		Weighted		30-Sep-14			31-Dec-13
		Average		Cost			Cost
		Amortization
		Lives
	Licenses (a) (b)	10 years		$	1,009,000		$	1,009,000

	Patents & Know How (b)	14 years		7,888,856			7,798,910

	Customer & Supplier Relationships (b)	14 years		3,761,000			3,761,000

	Tradenames & Trademarks (b)	indefinite		1,008,000			1,008,000

	In Process Research & Development (b)	indefinite		25,000			25,000

	Patents in Process (c)	indefinite		967,136			579,987

	Total			14,658,992			14,181,897

	Less Accumulated amortization			(3,698,692		)	(3,003,324		)
	Net			$	10,960,300		$	11,178,573


	(a)	On January 29, 2007, the Company acquired a license from Shriners Hospitals for Children and University of South Florida Research Foundation, Inc. in the amount of $996,000. Within 30 days after the receipt by the Company of approval by the FDA allowing the sale of the first licensed product, the Company is required to pay an additional $200,000 to the licensor. Due to its contingent nature, this amount is not recorded as a liability. The Company will also be required to pay a royalty of 3% on all commercial sales revenue from the licensed products. The Company is also obligated to pay a $50,000 minimum annual royalty payment over the life of the license. As of September 30, 2014, this license had a remaining net book value of approximately $234,000.

	(b)	On January 5, 2011, the Company acquired Surgical Biologics, LLC. As a result, the Company recorded intangible assets for Customer & Supplier Relationships of $3,761,000, Patents & Know-How of $7,690,000, Licenses of $13,000, Trade Names & Trademarks of $1,008,000 and In-Process Research & Development of $25,000. For the nine months ended September 30, 2014 an additional $89,946 of costs associated with patents granted during the period were capitalized and included in Patents & Know-How subject to amortization.

	(c)	Patents in Process consist of capitalized external legal and other registration costs in connection with internally developed tissue-based patents that are pending. Once issued, the costs associated with a given patent will be included in Patents & Know-How under intangible assets subject to amortization.
Estimated future amortization expense for intangible assets	'
	Expected future amortization of intangible assets as of September 30, 2014, is as follows:


	Year ending December 31,	Estimated
		Amortization
		Expense
	2014 (a)	$	232,306

	2015	929,226

	2016	929,226

	2017	839,593

	2018	829,626

	Thereafter	6,192,323

		$	9,952,300

	(a) Estimated amortization expense for the year ending December 31, 2014, includes only amortization to be recorded after September 30, 2014.

Net_Income_Loss_Per_Share_Tabl

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Computation of Basic and Diluted Net Loss per Share	'
	The following table sets forth the computation of basic and diluted net income (loss) per share:


		Three months ended						Nine months ended
		September 30,						September 30,
		2014			2013			2014		2013
	Net income (loss)	$	3,699,705		$	(307,118	)	$	2,387,474	$	(2,684,915	)

	Denominator for basic earnings per share - weighted average shares	105,756,945			96,914,856			105,331,344		95,429,988

	Effect of dilutive securities: Stock options, restricted stock, and warrants outstanding(a)	7,057,713			—			7,193,672		—

	Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	112,814,658			96,914,856			112,525,016		95,429,988

	Income (loss) per common share - basic	$	0.03		$	—		$	0.02	$	(0.03	)

	Income (loss) per common share - diluted	$	0.03		$	—		$	0.02	$	(0.03	)

	(a) Securities outstanding that are included in the computation above, utilizing the treasury stock method for the three and nine months ended September 30, 2014, are as follows:


		Three Months		Nine Months
		30-Sep-14
	Outstanding Stock Options	6,651,994		6,752,310

	Outstanding Warrants	194,002		275,593

	Restricted Stock Awards	211,717		165,769

		7,057,713		7,193,672

	Securities outstanding for the three and nine months ended September 30, 2013 were excluded from the computation of diluted earnings per share because they would have been anti - dilutive.

Equity_Tables

Equity (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Stock Options Activity	'
	Activity with respect to the stock options is summarized as follows:


		Number		Weighted-				Weighted-Average		Aggregate
		of		Average				Remaining		Intrinsic
		Shares		Exercise				Contractual Term		Value
				Price				(in years)
	Outstanding at January 1, 2014	15,375,960		$	2.46

	Granted	2,948,969		7.03

	Exercised	(1,146,987	)	1.31

	Unvested options forfeited	(249,670	)	4.04

	Vested options expired	(84,332	)	0.81

	Outstanding at September 30, 2014	16,843,940		3.32				7.5		$	64,630,326

	Vested at September 30, 2014	8,987,368		1.87				6.7		47,252,742

	Vested or expected to vest at September 30, 2014 (a)	16,515,621		$	3.27			7.5		$	64,242,362


	(a)	Includes forfeiture adjusted unvested shares.
Stock Options Outstanding and Exercisable	'
	Following is a summary of stock options outstanding and exercisable at September 30, 2014:


		Options Outstanding								Options Exercisable
	Range of Exercise Prices	Number outstanding		Weighted-Average		Weighted-				Number Exercisable		Weighted-
				Remaining		Average						Average
				Contractual Term		Exercise						Exercise Price
				(in years)		Price
	$0.50 - $0.76	720,364		4.7		$	0.72			720,364		$	0.72

	$0.87 - $1.35	6,102,250		6.9		1.2				4,911,058		1.19

	$1.40 - $2.29	1,482,701		5.3		1.64				1,361,032		1.65

	$2.33 - $3.75	1,842,320		8		2.77				889,298		2.69

	$3.95 - $5.99	3,443,402		8.6		5.15				911,797		5.02

	$6.02 - $8.34	3,252,903		9		7.03				193,819		6.37

		16,843,940		7.5		$	3.32			8,987,368		$	1.87

Fair Value of Options, Valuation Assumptions	'
	The assumptions used in calculating the fair value of options using the Black-Scholes-Merton option-pricing model are set forth in the following table:


		Nine Months Ended September 30,
		2014		2013
	Expected volatility	63.6- 64.5%		61.41 - 64.56%

	Expected life (in years)	5.0 - 6.0		6

	Expected dividend yield	—		—

	Risk-free interest rate	1.69% - 1.96%		0.85% -1.88%

Restricted Stock Awards Roll Forward	'
	Activity with respect to restricted stock awards is summarized as follows:


		Number		Weighted-Average Grant Date
		of		Fair Value
		Shares
	Unvested at December 31, 2013	576,550		$5.53

	Granted	592,864		7.05

	Vested	(154,758	)	5.72
	Forfeited	(720	)	7.24

	Unvested at September 30, 2014	1,013,936		$6.40

Allocation of Share-based Compensation	'
	For the three and nine months ended September 30, 2014 and 2013, the Company recognized stock-based compensation as follows:


		Three Months Ended							Nine Months Ended
		September 30,							September 30,
		2014			2013				2014			2013
	Cost of sales	$	70,424		$	75,287			$	242,689		$	198,119

	Research and development	170,426			110,694				493,078			309,461

	Selling, general and administrative	2,781,112			1,481,785				7,424,911			3,647,425

		$	3,021,962		$	1,667,766			$	8,160,678		$	4,155,005

Summary of Warrants Outstanding	'
	Following is a summary of the warrant activity for the nine months ended September 30, 2014:


		Number		Weighted-Average
		of		Exercise Price
		Warrants		per warrant
	Warrants outstanding at January 1, 2014	1,284,816		$	0.9

	Warrants exercised	(1,079,583	)	0.8

	Warrants outstanding at September 30, 2014	205,233		$	1.42

Supplemental_disclosure_of_cas1

Supplemental disclosure of cash flow and non-cash investing and financing activities (Tables)	9 Months Ended
	Sep. 30, 2014
Supplemental Cash Flow Elements [Abstract]	'
Supplemental Disclosure of Cash Flow and Non-cash Investing and Financing Activities	'
	Selected cash payments, receipts, and noncash activities are as follows:


		Nine Months Ended September 30,
		2014		2013
	Cash paid for interest	$	38,347	$	22,971

	Prepaid income taxes	80,953		96,967

	Purchases of equipment financed through capital leases	—		107,259

	Stock issuance of 13,158 shares in exchange for services performed	86,391		—

	Stock issuance of 5,272,004 shares in exchange for convertible debt	—		5,272,004

	Tenant improvement incentive	—		996,866

Contractual_Commitments_and_Co1

Contractual Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Estimated Annual Lease, Royalty and Employment Agreement Expenses	'
	In addition to the Capital Leases noted above in Note 5, the Company has entered into operating lease agreements for facility space and equipment. These leases expire over the next five years and generally contain renewal options. The Company anticipates that most of these leases will be renewed or replaced upon expiration. The Company also has commitments for meeting space and to various charitable organizations. The estimated annual lease payments, meeting space and charitable organization commitments are as follows:


	12-month period ended September 30
	2015	$	1,879,579

	2016	1,863,354

	2017	1,523,923

	2018	1,463,054

	2019	478,325

		$	7,208,235

Basis_of_Presentation_Details

Basis of Presentation (Details)	9 Months Ended
	Sep. 30, 2014
	segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Number of business segments	1

Significant_Accounting_Policie2

Significant Accounting Policies (Details) (Patents [Member], USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Patents [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible assets, net of accumulated amortization	$477,000	$527,000

Liquidity_and_Managements_Plan1

Liquidity and Management's Plans (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Liquidity and management's plans [Abstract]	'	'	'	'
Cash and cash equivalents	$47,253,003	$44,077,751	$6,061,756	$6,754,485
Total current assets	77,264,455	65,388,771	'	'
Total current liabilities	$14,449,229	$9,607,867	'	'

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]	'	'
Raw materials	$270,191	$202,414
Work in process	3,228,525	2,951,704
Finished goods	1,664,729	1,048,886
Inventory, gross	5,163,445	4,203,004
Reserve for obsolescence	-424,755	-322,228
Inventory, net	$4,738,690	$3,880,776

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	3 Months Ended		9 Months Ended
Property and Equipment (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Property and equipment [Line Items]	'	'	'	'	'
Property and equipment, gross	$8,218,237	'	$8,218,237	'	$6,387,976
Less accumulated depreciation	-3,166,028	'	-3,166,028	'	-2,301,870
Property and equipment, net	5,052,209	'	5,052,209	'	4,086,106
Capital Leases Interest Rate Effective Percentage Minimum	3.00%	'	3.00%	'	'
Capital Leases Interest Rate Effective Percentage Maximum	12.00%	'	12.00%	'	'
Depreciation	313,000	185,000	864,158	422,524	'
Leasehold improvements	'	'	'	'	'
Property and equipment [Line Items]	'	'	'	'	'
Property and equipment, gross	2,491,731	'	2,491,731	'	2,319,928
Lab and clean room equipment	'	'	'	'	'
Property and equipment [Line Items]	'	'	'	'	'
Property and equipment, gross	2,804,547	'	2,804,547	'	2,025,263
Furniture and office equipment	'	'	'	'	'
Property and equipment [Line Items]	'	'	'	'	'
Property and equipment, gross	2,090,776	'	2,090,776	'	1,240,466
Construction in progress	'	'	'	'	'
Property and equipment [Line Items]	'	'	'	'	'
Property and equipment, gross	831,183	'	831,183	'	802,319
Assets Held under Capital Leases	'	'	'	'	'
Property and equipment [Line Items]	'	'	'	'	'
Property and equipment, net	427,000	'	427,000	'	'
Leasehold Improvements Paid by Others	'	'	'	'	'
Property and equipment [Line Items]	'	'	'	'	'
Property and equipment, net	$1,000,000	'	$1,000,000	'	'

Intangible_Assets_and_Royalty_2

Intangible Assets and Royalty Agreement (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Jan. 29, 2007

Sep. 30, 2014

Jan. 05, 2011

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Jan. 05, 2011

Sep. 30, 2014

Dec. 31, 2013

Jan. 05, 2011

Sep. 30, 2014

Dec. 31, 2013

Jan. 05, 2011

Sep. 30, 2014

Dec. 31, 2013

Jan. 05, 2011

Sep. 30, 2014

Dec. 31, 2013

Licenses

Patents & Know How

Customer & Supplier Relationships

Tradenames & Trademarks

In Process Research & Development

Patents in Process

Shriners Hospitals for Children and University of South Florida Research Foundation, Inc.

Surgical Biologics, LLC

Finite-Lived Intangible Assets [Line Items]

Weighted Average Amortization Lives

'10 years

[1],[2]

'14 years

[1]

'14 years

[1]

Gross Carrying Value

$1,009,000

[1],[2]

$1,009,000

[1],[2]

$13,000

$7,888,856

[1]

$7,798,910

[1]

$7,690,000

$3,761,000

[1]

$3,761,000

[1]

$3,761,000

Weighted Average Amortization Lives, Indefinite Lived

'indefinite

[1]

'indefinite

[1]

'indefinite

[3]

Gross Carrying Value, Indefinite Lived

1,008,000

[1]

1,008,000

[1]

1,008,000

25,000

[1]

25,000

[1]

25,000

967,136

[3]

579,987

[3]

Total

14,658,992

14,181,897

Less Accumulated amortization

-3,698,692

-3,003,324

Net

10,960,300

11,178,573

Acquisition price

996,000

Maximum time of approval

'30 days

Contingent payments to licensor

200,000

Contingent royalty to be paid to licensor (in hundredths)

3.00%

Annual royalty payment

50,000

Net book value

9,952,300

234,000

Finite-Lived Intangible Assets, Costs

89,946

Amortization of intangible assets

232,079

259,575

695,368

789,809

Estimated future amortization expense [Abstract]

2014

232,306

[4]

232,306

[4]

2015

929,226

2016

929,226

2017

839,593

2018

829,626

Thereafter

6,192,323

Net book value

$9,952,300

$234,000

[1]

On January 5, 2011, the Company acquired Surgical Biologics, LLC. As a result, the Company recorded intangible assets for Customer & Supplier Relationships of $3,761,000, Patents & Know-How of $7,690,000, Licenses of $13,000, Trade Names & Trademarks of $1,008,000 and In-Process Research & Development of $25,000. For the nine months ended September 30, 2014 an additional $89,946 of costs associated with patents granted during the period were capitalized and included in Patents & Know-How subject to amortization.

[2]

On January 29, 2007, the Company acquired a license from Shriners Hospitals for Children and University of South Florida Research Foundation, Inc. in the amount of $996,000. Within 30 days after the receipt by the Company of approval by the FDA allowing the sale of the first licensed product, the Company is required to pay an additional $200,000 to the licensor. Due to its contingent nature, this amount is not recorded as a liability. The Company will also be required to pay a royalty of 3% on all commercial sales revenue from the licensed products. The Company is also obligated to pay a $50,000 minimum annual royalty payment over the life of the license. As of September 30, 2014, this license had a remaining net book value of approximately $234,000

[3]

Patents in Process consist of capitalized external legal and other registration costs in connection with internally developed tissue-based patents that are pending. Once issued, the costs associated with a given patent will be included in Patents & Know-How under intangible assets subject to amortization.

[4]

Estimated amortization expense for the year ending December 31, 2014, includes only amortization to be recorded after September 30, 2014.

Net_Income_Loss_Per_Share_Deta

Net Income (Loss) Per Share (Details) (USD $)	3 Months Ended				9 Months Ended
Net Income (Loss) Per Share (Details) (USD $)	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Computation of basic and diluted net loss per share [Abstract]	'		'		'		'
Net income	$3,699,705		($307,118)		$2,387,474		($2,684,915)
Denominator for basic earnings per share - weighted average shares	105,756,945		96,914,856		105,331,344		95,429,988
Effect of dilutive securities: Stock options and warrants outstanding and convertible debt (in shares)	7,057,713	[1]	0	[1]	7,193,672	[1]	0	[1]
Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	112,814,658		96,914,856		112,525,016		95,429,988
Income (loss) per common share - basic	$0.03		$0		$0.02		($0.03)
Income (loss) per common share - diluted	$0.03		$0		$0.02		($0.03)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'		'		'		'
Antidilutive securities excluded from computation of earnings per share (in shares)	7,057,713		'		7,193,672		'
Outstanding Stock Options	'		'		'		'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'		'		'		'
Antidilutive securities excluded from computation of earnings per share (in shares)	6,651,994		'		6,752,310		'
Outstanding Warrants	'		'		'		'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'		'		'		'
Antidilutive securities excluded from computation of earnings per share (in shares)	194,002		'		275,593		'
Restricted Stock Awards	'		'		'		'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'		'		'		'
Antidilutive securities excluded from computation of earnings per share (in shares)	211,717		'		165,769		'

[1]	Securities outstanding that are included in the computation above, utilizing the treasury stock method for the three and nine months ended September 30, 2014, are as follows:B Three MonthsB Nine MonthsB September 30, 2014Outstanding Stock Options6,651,994B 6,752,310Outstanding Warrants194,002B 275,593Restricted Stock Awards211,717B 165,769B 7,057,713B 7,193,672Securities outstanding for the three and nine months ended September 30, 2013 were excluded from the computation of diluted earnings per share because they would have been anti - dilutive.

Equity_Details

Equity (Details) (USD $)	3 Months Ended			9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2013
	Sep. 30, 2014		Sep. 30, 2013	plan		Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'		'	'		'
Number of share-based compensation plans	'		'	3		'
Outstanding assumed options (in shares)	375,000		'	375,000		'
Additional shares authorized by Board of Directors (in shares)	'		'	4,000,000		'
Shares authorized (in shares)	26,500,000		'	26,500,000		'
Total unrecognized compensation expense	$16,675,914		'	$16,675,914		'
Number of shares [Roll forward]	'		'	'		'
Outstanding, beginning of period (in shares)	'		'	15,375,960		'
Granted (in shares)	'		'	2,948,969		'
Exercised (in shares)	'		'	-1,146,987		'
Unvested options forfeited (in shares)	'		'	-249,670		'
Vested options expired (in shares)	'		'	-84,332		'
Outstanding, end of period (in shares)	16,843,940		'	16,843,940		'
Vested at end of period (in shares)	8,987,368		'	8,987,368		'
Exercisable options, vested and expected to vest (in shares)	16,515,621	[1]	'	16,515,621	[1]	'
Weighted-Average Exercise Price [Roll forward]	'		'	'		'
Outstanding, weighted average exercise price, beginning of period (in dollars per share)	'		'	$2.46		'
Granted, weighted average exercise price (in dollars per share)	'		'	$7.03		'
Exercised, weighted average exercise price (in dollars per share)	'		'	$1.31		'
Unvested options forfeited weighted-average exercise price (in dollars per share)	'		'	$4.04		'
Vested options expired weighted-average exercise price (in dollars per share)	'		'	$0.81		'
Outstanding, weighted average exercise price, end of period (in dollars per share)	$3.32		'	$3.32		'
Vested at end of period weighted average exercise price (in dollars per share)	$1.87		'	$1.87		'
Vested and expected to vest, weighted average exercise price (in dollars per share)	$3.27	[1]	'	$3.27	[1]	'
Stock options, additional disclosures [Abstract]	'		'	'		'
Vested at end of period weighted average remaining contractual term	'		'	'6 years 8 months 12 days		'
Vested and expected to vest, weighted average remaining contractual term	'		'	'7 years 6 months	[1]	'
Outstanding intrinsic value	64,630,326		'	64,630,326		'
Vested at end of period aggregate intrinsic value	47,252,742		'	47,252,742		'
Vested and expected to vest, aggregate intrinsic value	64,242,362	[1]	'	64,242,362	[1]	'
Exercised options, intrinsic value	'		'	6,517,614		'
Number of outstanding options (in shares)	16,843,940		'	16,843,940		'
Outstanding Options, weighted average remaining contractual term	'		'	'7 years 6 months		'
Outstanding Options, weighted average exercise price (in dollars per share)	$3.32		'	$3.32		'
Number of exercisable options (in shares)	8,987,368		'	8,987,368		'
Exercisable Options, weighted average exercise price (in dollars per share)	$1.87		'	$1.87		'
Fair value options valuation assumptions [Abstract]	'		'	'		'
Expected volatility Minimum	'		'	63.60%		61.41%
Expected volatility Maximum	'		'	64.50%		64.56%
Expected life (in years)	'		'	'		'6 years
Expected dividend yield	'		'	0.00%		0.00%
Risk-free interest rate Minimum	'		'	1.69%		0.85%
Risk-free interest rate Maximum	'		'	1.96%		1.88%
Share-based Compensation [Abstract]	'		'	'		'
Share-based compensation expense	3,021,962		1,667,766	8,160,678		4,155,005
Weighted-average grant date fair value for options granted during the period (in dollars per share)	'		'	$4.09		'
Warrants, term	'		'	'5 years		'
Warrants	'		'	'		'
Warrants, Number of Warrants [Roll Forward]	'		'	'		'
Warrants outstanding, beginning of period (in shares)	'		'	1,284,816		'
Warrants exercised (in shares)	'		'	-1,079,583		'
Warrants outstanding, end of period (in shares)	205,233		'	205,233		'
Warrants, Weighted-Average Exercise Price per Warrant [Roll Forward]	'		'	'		'
Warrants outstanding, beginning of period (in dollars per share)	'		'	0.9		'
Warrants exercised (in dollars per share)	'		'	0.8		'
Warrants outstanding, end of period (in dollars per share)	1.42		'	1.42		'
Cost of Products Sold	'		'	'		'
Share-based Compensation [Abstract]	'		'	'		'
Share-based compensation expense	70,424		75,287	242,689		198,119
Research and Development	'		'	'		'
Share-based Compensation [Abstract]	'		'	'		'
Share-based compensation expense	170,426		110,694	493,078		309,461
Selling, General and Administrative	'		'	'		'
Share-based Compensation [Abstract]	'		'	'		'
Share-based compensation expense	2,781,112		1,481,785	7,424,911		3,647,425
$0.50 - $0.76	'		'	'		'
Stock options, additional disclosures [Abstract]	'		'	'		'
Exercise Price Range, lower range limit (in dollars per share)	'		'	$0.50		'
Exercise Price Range, upper range limit (in dollars per share)	'		'	$0.76		'
Number of outstanding options (in shares)	720,364		'	720,364		'
Outstanding Options, weighted average remaining contractual term	'		'	'4 years 8 months 12 days		'
Outstanding Options, weighted average exercise price (in dollars per share)	$0.72		'	$0.72		'
Number of exercisable options (in shares)	720,364		'	720,364		'
Exercisable Options, weighted average exercise price (in dollars per share)	$0.72		'	$0.72		'
$0.87 - $1.35	'		'	'		'
Stock options, additional disclosures [Abstract]	'		'	'		'
Exercise Price Range, lower range limit (in dollars per share)	'		'	$0.87		'
Exercise Price Range, upper range limit (in dollars per share)	'		'	$1.35		'
Number of outstanding options (in shares)	6,102,250		'	6,102,250		'
Outstanding Options, weighted average remaining contractual term	'		'	'6 years 10 months 24 days		'
Outstanding Options, weighted average exercise price (in dollars per share)	$1.20		'	$1.20		'
Number of exercisable options (in shares)	4,911,058		'	4,911,058		'
Exercisable Options, weighted average exercise price (in dollars per share)	$1.19		'	$1.19		'
$1.40 - $2.29	'		'	'		'
Stock options, additional disclosures [Abstract]	'		'	'		'
Exercise Price Range, lower range limit (in dollars per share)	'		'	$1.40		'
Exercise Price Range, upper range limit (in dollars per share)	'		'	$2.29		'
Number of outstanding options (in shares)	1,482,701		'	1,482,701		'
Outstanding Options, weighted average remaining contractual term	'		'	'5 years 3 months 18 days		'
Outstanding Options, weighted average exercise price (in dollars per share)	$1.64		'	$1.64		'
Number of exercisable options (in shares)	1,361,032		'	1,361,032		'
Exercisable Options, weighted average exercise price (in dollars per share)	$1.65		'	$1.65		'
$2.33 - $3.75	'		'	'		'
Stock options, additional disclosures [Abstract]	'		'	'		'
Exercise Price Range, lower range limit (in dollars per share)	'		'	$2.35		'
Exercise Price Range, upper range limit (in dollars per share)	'		'	$3.75		'
Number of outstanding options (in shares)	1,842,320		'	1,842,320		'
Outstanding Options, weighted average remaining contractual term	'		'	'8 years		'
Outstanding Options, weighted average exercise price (in dollars per share)	$2.77		'	$2.77		'
Number of exercisable options (in shares)	889,298		'	889,298		'
Exercisable Options, weighted average exercise price (in dollars per share)	$2.69		'	$2.69		'
$3.95 - $5.99	'		'	'		'
Stock options, additional disclosures [Abstract]	'		'	'		'
Exercise Price Range, lower range limit (in dollars per share)	'		'	$3.95		'
Exercise Price Range, upper range limit (in dollars per share)	'		'	$5.99		'
Number of outstanding options (in shares)	3,443,402		'	3,443,402		'
Outstanding Options, weighted average remaining contractual term	'		'	'8 years 7 months 6 days		'
Outstanding Options, weighted average exercise price (in dollars per share)	$5.15		'	$5.15		'
Number of exercisable options (in shares)	911,797		'	911,797		'
Exercisable Options, weighted average exercise price (in dollars per share)	$5.02		'	$5.02		'
$6.02 - $8.34	'		'	'		'
Stock options, additional disclosures [Abstract]	'		'	'		'
Exercise Price Range, lower range limit (in dollars per share)	'		'	$6.02		'
Exercise Price Range, upper range limit (in dollars per share)	'		'	$8.34		'
Number of outstanding options (in shares)	3,252,903		'	3,252,903		'
Outstanding Options, weighted average remaining contractual term	'		'	'9 years		'
Outstanding Options, weighted average exercise price (in dollars per share)	$7.03		'	$7.03		'
Number of exercisable options (in shares)	193,819		'	193,819		'
Exercisable Options, weighted average exercise price (in dollars per share)	$6.37		'	$6.37		'
Stock Options	'		'	'		'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'		'	'		'
Expenses expected to be recognized over a weighted-average period	'		'	'2 years		'
Restricted Stock Awards	'		'	'		'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'		'	'		'
Expenses expected to be recognized over a weighted-average period	'		'	'2 years 1 month 6 days		'
Total unrecognized stock-based compensation related to time-based, nonvested restricted stock	4,983,312		'	4,983,312		'
Number of Shares	'		'	'		'
Beginning Balance	'		'	576,550		'
Granted	'		'	592,864		'
Vested	'		'	-154,758		'
Forfeited	'		'	-720		'
Ending Balance	1,013,936		'	1,013,936		'
Weighted- Average Grant Date Fair Value	'		'	'		'
Beginning Balance (in dollars per share)	'		'	$5.53		'
Granted (in dollars per share)	'		'	$7.05		'
Vested (in dollars per share)	'		'	$5.72		'
Forfeited (in dollars per share)	'		'	$7.24		'
Beginning Balance (in dollars per share)	$6.40		'	$6.40		'
Minimum	'		'	'		'
Fair value options valuation assumptions [Abstract]	'		'	'		'
Expected life (in years)	'		'	'5 years		'
Maximum	'		'	'		'
Fair value options valuation assumptions [Abstract]	'		'	'		'
Expected life (in years)	'		'	'6 years		'
Consultant	'		'	'		'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'		'	'		'
Shares of common stock issued	'		'	5,611		'
Value of common stock issued	'		'	$39,000		'

[1]	Includes forfeiture adjusted unvested shares.

Income_taxes_Details

Income taxes (Details)	9 Months Ended
Income taxes (Details)	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Effective tax rate (as a percentage)	0.92%	3.75%

Supplemental_disclosure_of_cas2

Supplemental disclosure of cash flow and non-cash investing and financing activities (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Supplemental disclosure of cash flow and non-cash investing and financing activities [Abstract]	'	'
Cash paid for interest	$38,347	$22,971
Prepaid income taxes	80,953	96,967
Purchases of equipment financed through capital leases	0	107,259
Shares issued for services performed	86,391	0
Shares issued for services performed (in shares)	13,158	0
Stock issuance of 5,272,004 shares in exchange for convertible debt	0	5,272,004
Stock issued for convertible debt (in shares)	0	5,272,004
Tenant improvement incentive	$0	$996,866

Contractual_Commitments_and_Co2

Contractual Commitments and Contingencies (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
	Sep. 30, 2014	Sep. 30, 2013	patient	Sep. 30, 2013
Loss Contingencies [Line Items]	'	'	'	'
Lease expiration period	'	'	'5 years	'
Rent expense	$282,000	$364,000	$847,000	$762,000
Number of patients	'	'	150	'
Estimated annual lease, royalty, and employment agreement expenses [Abstract]	'	'	'	'
2015	1,879,579	'	1,879,579	'
2016	1,863,354	'	1,863,354	'
2017	1,523,923	'	1,523,923	'
2018	1,463,054	'	1,463,054	'
2019	478,325	'	478,325	'
Total Contractual commitments	7,208,235	'	7,208,235	'
Sales Revenue, Net \| Product Concentration Risk	'	'	'	'
Loss Contingencies [Line Items]	'	'	'	'
Percentage of revenue	'	'	15.00%	'
Standby Letters of Credit	'	'	'	'
Loss Contingencies [Line Items]	'	'	'	'
Standby letters of credit	$500,000	'	$500,000	'
Minimum	'	'	'	'
Loss Contingencies [Line Items]	'	'	'	'
Number of clinical sites	'	'	10	'
Maximum	'	'	'	'
Loss Contingencies [Line Items]	'	'	'	'
Number of clinical sites	'	'	20	'

Schedule_II_Valuation_and_Qual1

Schedule II - Valuation and Qualifying Accounts (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2014	Mar. 31, 2013
Allowance for doubtful accounts	'	'	'	'	'	'
Movement in Valuation Allowances and Reserves [Roll Forward]	'	'	'	'	'	'
Balance at Beginning of Period	'	'	$407,000	$49,000	$678,000	$44,000
Additions charged to Expense or Revenue	523,000	73,000	808,000	99,000	'	'
Deductions and write-offs	0	-2,000	-14,000	-33,000	'	'
Balance at End of Period	1,201,000	115,000	1,201,000	115,000	678,000	44,000
Allowance for product returns	'	'	'	'	'	'
Movement in Valuation Allowances and Reserves [Roll Forward]	'	'	'	'	'	'
Balance at Beginning of Period	'	'	215,000	88,000	270,000	162,000
Additions charged to Expense or Revenue	806,000	178,000	1,419,000	648,000	'	'
Deductions and write-offs	-399,000	-153,000	-957,000	-549,000	'	'
Balance at End of Period	677,000	187,000	677,000	187,000	270,000	162,000
Allowance for obsolescence	'	'	'	'	'	'
Movement in Valuation Allowances and Reserves [Roll Forward]	'	'	'	'	'	'
Balance at Beginning of Period	'	'	322,000	159,000	352,000	242,000
Additions charged to Expense or Revenue	76,000	131,000	140,000	214,000	'	'
Deductions and write-offs	-3,000	0	-37,000	0	'	'
Balance at End of Period	$425,000	$373,000	$425,000	$373,000	$352,000	$242,000