Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,052,778 $ 3,979,290
Prepaid expenses 303,543 281,858
Other current assets 118,454 32,830
Total current assets 3,474,775 4,293,978
Property and equipment, net 619,208 731,712
Goodwill 6,826,003 6,826,003
Other long term assets 178,597 168,597
Total assets 11,098,583 12,020,290
Current liabilities:    
Accounts payable 1,550,113 1,137,903
Accrued compensation 742,285 770,592
Accrued clinical operations and site costs 1,502,505 1,218,641
Accrued lease contingency fee 590,504 590,504
Other accrued expenses 255,098 315,034
Interest payable 42,029 51,295
Current portion of notes payable 1,693,065 1,589,661
Current portion of capital leases payable 17,447 17,004
Total current liabilities 6,393,046 5,690,634
Long-term liabilities:    
Long-term portion of notes payable, net 1,957,657 2,774,627
Long-term portion of capital lease payable 50,448 68,113
Other long-term liabilities 177,016 144,394
Total long-term liabilities 2,185,121 2,987,134
Total liabilities 8,578,167 8,677,768
Commitments and contingencies:
Stockholders’ Equity:    
Common stock, $0.01 par value; 150,000,000 shares authorized, 18,924,085 and 6,296,110 shares issued and outstanding as of September 30, 2017, and December 31, 2016, respectively 189,241 62,961
Additional paid-in capital 103,349,153 81,533,511
Accumulated deficit (101,046,557) (78,262,261)
Total stockholders’ equity 2,520,416 3,342,522
Total liabilities and stockholders’ equity 11,098,583 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 6,653 6,653
Series G Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 1,000 0
Series H Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 9 0
Series I Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 10,485 0
Series J Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock 8 0
Series K Convertible Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock $ 650 $ 0

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