Balance Sheet

v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,846,906 $ 3,979,290
Prepaid expenses 61,043 281,858
Other current assets 88,564 32,830
Total current assets 1,996,513 4,293,978
Property and equipment, net 664,136 731,712
Goodwill 6,826,003 6,826,003
Other long term assets 168,597 168,597
Total assets 9,655,249 12,020,290
Current liabilities:    
Accounts payable 2,086,650 1,137,903
Accrued compensation 639,128 770,592
Accrued clinical operations and site costs 1,643,379 1,218,641
Accrued lease contingency fee 590,504 590,504
Other accrued expenses 367,389 315,034
Interest payable 45,742 51,295
Current portion of notes payable 1,666,667 1,589,661
Current portion of capital leases payable 17,726 17,004
Total current liabilities 7,057,185 5,690,634
Long-term liabilities:    
Long-term portion of notes payable, net 2,284,889 2,774,627
Long-term portion of capital leases 59,065 68,113
Other long-term liabilities 167,296 144,394
Total long-term liabilities 2,511,250 2,987,134
Total liabilities 9,568,435 8,677,768
Commitments and contingencies:
Stockholders’ Equity:    
Common stock, $0.01 par value; 150,000,000 shares authorized, 9,219,770 and 6,296,110 shares issued and outstanding as of June 30, 2017, and December 31, 2016, respectively 92,198 62,961
Additional paid-in capital 94,803,349 81,533,511
Accumulated deficit (94,846,396) (78,262,261)
Total stockholders’ equity 86,814 3,342,522
Total liabilities and stockholders’ equity 9,655,249 12,020,290
Series D Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 981 1,325
Series E Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 333 333
Series F Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 6,653 6,653
Series G Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 10,000 0
Series H Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 9 0
Series I Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock $ 19,687 $ 0

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