Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 2,454,577 $ 8,004,237
Prepaid Expenses and Other Current Assets 528,400 455,760
Right-of-Use Assets 125,749 0
Current Portion of Refundable Tax Credit Receivable 4,154 18,436
Total Current Assets 3,112,880 8,478,433
Property and Equipment, Net 23,514 43,518
Restricted Cash 45,000 45,000
Goodwill 1,525,896 1,525,896
Intangible Assets and In-Process R&D, Net 4,137,314 4,156,064
Other Assets 23,011 31,706
Total Assets 8,867,615 14,280,617
Current Liabilities:    
Accounts Payable 1,067,649 63,654
Accrued Expenses 982,595 1,114,728
Lease Liabilities 125,749 0
Deferred Revenue 0 2,686,000
Total Current Liabilities 2,175,993 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 3,655,961 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 September 30, 2019 and December 31, 2018; 10,000 designated Series B, 0 shares issued and outstanding at September 30, 2019 and December 31, 2018; 10,000 shares designated Series C, 4,092 shares issued and outstanding at September 30, 2019 and December 31, 2018 41 41
Common Stock, $0.01 Par Value: 120,000,000 shares authorized; 3,036,460 and 3,038,592 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 30,365 30,386
Additional Paid-In Capital 102,588,367 101,921,707
Accumulated Deficit (97,545,048) (93,150,198)
Accumulated Other Comprehensive Income 137,929 134,331
Total Stockholders' Equity 5,211,654 8,936,267
Total Liabilities and Stockholders' Equity $ 8,867,615 $ 14,280,617