Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 4,465,086 $ 8,004,237
Prepaid Expenses and Other Current Assets 551,652 455,760
Right-of-Use Assets 109,512 0
Current Portion of Refundable Tax Credit Receivable 1,639 18,436
Total Current Assets 5,127,889 8,478,433
Property and Equipment, Net 30,182 43,518
Restricted Cash 45,000 45,000
Goodwill 1,525,896 1,525,896
Intangible Assets and In-Process R&D, Net 4,143,564 4,156,064
Other Assets 23,011 31,706
Total Assets 10,895,542 14,280,617
Current Liabilities:    
Accounts Payable 96,580 63,654
Accrued Expenses 737,725 1,114,728
Lease Liabilities 109,512 0
Deferred Revenue   2,686,000
Total Current Liabilities 943,817 3,864,382
Non-Current Liabilities:    
Contingent Consideration 1,210,000 1,210,000
Deferred Tax Liability 269,968 269,968
Total Non-Current Liabilities 1,479,968 1,479,968
Total Liabilities 2,423,785 5,344,350
Commitments and Contingencies (Note 10)
Stockholders' Equity:    
Preferred Stock, $0.01 Par Value: 9,994,184 shares authorized; 3,750 designated Series A, 0 shares issued and outstanding at June 30, 2019 and December 31, 2018; 10,000 designated Series B, 0 shares issued and outstanding at June 30, 2019 and December 31, 2018; 10,000 shares designated Series C, 4,092 shares issued and outstanding at June 30, 2019 and December 31, 2018 41 41
Common Stock, $0.01 Par Value: 120,000,000 shares authorized; 45,675,737 and 45,578,878 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 456,758 437,939
Additional Paid-In Capital 101,996,431 101,514,154
Accumulated Deficit (94,116,661) (93,150,198)
Accumulated Other Comprehensive Income 135,188 134,331
Total Stockholders' Equity 8,471,757 8,936,267
Total Liabilities and Stockholders' Equity $ 10,895,542 $ 14,280,617