Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and Cash Equivalents $ 12,604,803 $ 7,806,029
Prepaid Expenses and Other Current Assets 614,845 629,591
Current Portion of Refundable Tax Credit Receivable 14,988 23,685
Total Current Assets 13,234,636 8,459,305
Property and Equipment, Net 39,819 55,751
Restricted Cash 45,000 45,000
Goodwill and In-Process R&D 5,438,210 5,438,210
Other Assets 307,126 307,126
Total Assets 19,064,791 14,305,392
Current Liabilities:    
Accounts Payable 356,025 706,089
Accrued Expenses 1,041,672 1,813,847
Deferred Revenue 2,723,000 12,313,600
Total Current Liabilities 4,120,697 14,833,536
Non-Current Liabilities:    
Contingent Consideration 1,210,000 1,210,000
Deferred Tax Liability 183,923 183,923
Long-Term Portion of Capital Lease Obligation 1,712 4,855
Total Non-Current Liabilities 1,395,635 1,398,778
Total Liabilities 5,516,332 16,232,314
Commitments and Contingencies (Note 9)
Stockholders' Equity (Deficit):    
Preferred Stock, $0.01 Par Value: 9,994,184 shares authorized; 3,750 designated Series A, 0 shares issued and outstanding at June 30, 2018 and December 31, 2017; 10,000 designated Series B, 0 and 600 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively; 10,000 shares designated Series C, 4,092 and 0 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 41 6
Common Stock, $0.01 Par Value: 120,000,000 shares authorized; 42,382,880 and 17,257,255 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 423,829 172,573
Additional Paid-In Capital 100,492,233 89,589,681
Accumulated Deficit (87,498,357) (91,816,655)
Accumulated Other Comprehensive Income 130,713 127,473
Total Stockholders' Equity (Deficit) 13,548,459 (1,926,922)
Total Liabilities and Stockholders' Equity (Deficit) $ 19,064,791 $ 14,305,392