Balance Sheet

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 885,710 $ 3,979,290
Prepaid expenses 150,462 281,858
Other current assets 171,346 32,830
Total current assets 1,207,518 4,293,978
Property and equipment, net 578,206 731,712
Goodwill 6,826,003 6,826,003
Other long term assets 178,597 168,597
Total assets 8,790,324 12,020,290
Current liabilities:    
Accounts payable 1,090,904 1,137,903
Accrued compensation 311,675 770,592
Accrued clinical operations and site costs 1,669,201 1,218,641
Accrued lease termination fee 590,504 590,504
Other accrued expenses 404,923 315,034
Interest payable 39,373 51,295
Current portion of notes payable 1,681,876 1,589,661
Current portion of capital leases payable 17,810 17,004
Total current liabilities 5,806,266 5,690,634
Long-term liabilities:    
Long-term portion of notes payable, net 1,621,483 2,774,627
Long-term portion of capital lease payable 45,857 68,113
Other long-term liabilities 186,278 144,394
Total long-term liabilities 1,853,618 2,987,134
Total liabilities 7,659,884 8,677,768
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value, 150,000,000 shares authorized, 6,862,928 and 2,098,705 shares issued and outstanding as of December 31, 2017 and 2016, respectively 68,629 20,987
Additional paid-in capital 112,105,470 81,575,485
Accumulated deficit (111,053,637) (78,262,261)
Total stockholders' equity 1,130,440 3,342,522
Total liabilities and stockholders' equity 8,790,324 12,020,290
Series D Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 441 1,325
Series E Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 333 333
Series F Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 0 6,653
Series I Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 7,984 0
Series J Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 8 0
Series K Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 632 0
Series L Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 580 $ 0

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