CONSOLIDATED BALANCE SHEETS (USD $)
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Mar. 31, 2015
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Dec. 31, 2014
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Dec. 31, 2013
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Current assets: | |||
Cash and cash equivalents | $ 2,285,184us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 167,001us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 501,172us-gaap_CashAndCashEquivalentsAtCarryingValue |
Prepaid expenses and other current assets | 180,535us-gaap_PrepaidExpenseAndOtherAssetsCurrent | 26,443us-gaap_PrepaidExpenseAndOtherAssetsCurrent | 22,351us-gaap_PrepaidExpenseAndOtherAssetsCurrent |
Current portion of refundable tax credit receivable | 23,454us-gaap_IncomeTaxesReceivable | 25,336us-gaap_IncomeTaxesReceivable | 35,124us-gaap_IncomeTaxesReceivable |
Total current assets | 2,489,173us-gaap_AssetsCurrent | 218,780us-gaap_AssetsCurrent | 558,647us-gaap_AssetsCurrent |
Property and equipment, net | 915us-gaap_PropertyPlantAndEquipmentNet | 1,257us-gaap_PropertyPlantAndEquipmentNet | 2,981us-gaap_PropertyPlantAndEquipmentNet |
Restricted cash | 20,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent | 0us-gaap_RestrictedCashAndCashEquivalentsNoncurrent | 30,000us-gaap_RestrictedCashAndCashEquivalentsNoncurrent |
Deferred offering costs | 0us-gaap_DeferredCosts | 1,148,994us-gaap_DeferredCosts | |
Other assets | 36,976us-gaap_OtherAssetsNoncurrent | 37,439us-gaap_OtherAssetsNoncurrent | 100,566us-gaap_OtherAssetsNoncurrent |
Total assets | 2,547,064us-gaap_Assets | 1,406,470us-gaap_Assets | 692,194us-gaap_Assets |
Current liabilities: | |||
Grants payable | 0eyeg_GrantsPayableCurrent | 36,401eyeg_GrantsPayableCurrent | 41,232eyeg_GrantsPayableCurrent |
Accounts payable | 286,233us-gaap_AccountsPayableCurrent | 565,947us-gaap_AccountsPayableCurrent | 13,691us-gaap_AccountsPayableCurrent |
Accrued expenses | 126,512us-gaap_AccruedLiabilitiesCurrent | 913,063us-gaap_AccruedLiabilitiesCurrent | 488,989us-gaap_AccruedLiabilitiesCurrent |
Convertible notes due to stockholders, net (aggregate principal outstanding of $3,376,573 and $2,027,240, at December 31, 2014 and 2013, respectively | 0us-gaap_ConvertibleNotesPayableCurrent | 3,205,504us-gaap_ConvertibleNotesPayableCurrent | 2,027,240us-gaap_ConvertibleNotesPayableCurrent |
Warrant liability | 0us-gaap_WarrantsAndRightsOutstanding | 303,102us-gaap_WarrantsAndRightsOutstanding | 0us-gaap_WarrantsAndRightsOutstanding |
Total current liabilities | 412,745us-gaap_LiabilitiesCurrent | 5,024,017us-gaap_LiabilitiesCurrent | 2,571,152us-gaap_LiabilitiesCurrent |
Commitments and contingencies (Note 12) | |||
Convertible preferred stock and non-controlling interests: (classified as temporary equity) | |||
Non-controlling interests | 0us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount | 6,780,588us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount | 6,556,215us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount |
Total convertible preferred stock and non-controlling interests | 0us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests | 43,189,254us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests | 42,964,881us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests |
Stockholders’ equity (deficit): | |||
Preferred stock, $0.01 par value; 10,000,000 shares authorized, 0 issued and outstanding at March 31, 2015 | 0us-gaap_PreferredStockValue | ||
Common stock, $0.01 par value: 100,000,000 shares authorized; 6,351,698 shares issued at March 31, 2015, 201,787 shares issued at December 31, 2014 and 184,474 shares issued 2013 | 63,517us-gaap_CommonStockValue | 2,018us-gaap_CommonStockValue | 1,844us-gaap_CommonStockValue |
Additional paid-in capital | 61,723,139us-gaap_AdditionalPaidInCapital | 10,055,613us-gaap_AdditionalPaidInCapital | 10,384,554us-gaap_AdditionalPaidInCapital |
Accumulated deficit | (59,668,415)us-gaap_RetainedEarningsAccumulatedDeficit | (56,862,152)us-gaap_RetainedEarningsAccumulatedDeficit | (55,088,160)us-gaap_RetainedEarningsAccumulatedDeficit |
Shareholder notes receivable | (58,824)us-gaap_ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock | (58,824)us-gaap_ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock | (195,000)us-gaap_ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock |
Accumulated other comprehensive income | 74,902us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | 56,544us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | 52,923us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
Total stockholders’ equity (deficit) | 2,134,319us-gaap_StockholdersEquity | (46,806,801)us-gaap_StockholdersEquity | (44,843,839)us-gaap_StockholdersEquity |
Total liabilities, convertible preferred stock, non-controlling interests and stockholders' equity (deficit) | 2,547,064us-gaap_LiabilitiesAndStockholdersEquity | 1,406,470us-gaap_LiabilitiesAndStockholdersEquity | 692,194us-gaap_LiabilitiesAndStockholdersEquity |
Series A Preferred Stock [Member] | |||
Convertible preferred stock and non-controlling interests: (classified as temporary equity) | |||
Convertible preferred stock |
0us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesAPreferredStockMember |
254,525us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesAPreferredStockMember |
254,525us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesAPreferredStockMember |
Series B Preferred Stock [Member] | |||
Convertible preferred stock and non-controlling interests: (classified as temporary equity) | |||
Convertible preferred stock |
0us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesBPreferredStockMember |
6,926,180us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesBPreferredStockMember |
6,926,180us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesBPreferredStockMember |
Series C Preferred Stock [Member] | |||
Convertible preferred stock and non-controlling interests: (classified as temporary equity) | |||
Convertible preferred stock |
0us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesCPreferredStockMember |
5,745,127us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesCPreferredStockMember |
5,745,127us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesCPreferredStockMember |
Series D Preferred Stock [Member] | |||
Convertible preferred stock and non-controlling interests: (classified as temporary equity) | |||
Convertible preferred stock |
$ 0us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesDPreferredStockMember |
$ 23,482,834us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesDPreferredStockMember |
$ 23,482,834us-gaap_TemporaryEquityCarryingAmountAttributableToParent / us-gaap_StatementClassOfStockAxis = us-gaap_SeriesDPreferredStockMember |
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- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to grants payable. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of deferred costs that are expected to be recognized as a charge against earnings in periods after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amounts due from owners or affiliates of the reporting entity related to issuance of the entity's capital stock before cash payment is received (does not include amounts due from officers or directors). This element would also include the receivable for proceeds from the issuance of shares under employee stock option exercises which proceeds have not been received as of the reporting date due to the timing of the transaction date versus the settlement date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash and equivalents whose use in whole or in part is restricted for the long-term, generally by contractual agreements or regulatory requirements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. No definition available.
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- Definition
Carrying amount, attributable to parent and noncontrolling interests, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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