Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 6,632,468 $ 7,306,507
Restricted cash - security deposit 200,000 155,431
Prepaid expenses 692,400 502,032
Total current assets 7,524,868 7,963,970
Leasehold improvements and equipment - net 2,097,149 1,569,858
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposit 436,000 535,999
TOTAL ASSETS 14,411,882 14,423,692
CURRENT LIABILITIES    
Accounts payable 303,360 582,867
Note payable 319,746 170,236
Accrued expenses 758,340 959,147
Stock dividends payable 1,174,286
Deferred revenue 29,937
Lease liability 83,341 26,975
Total current liabilities 2,639,073 1,769,162
LONG TERM LIABILITIES    
Deferred tax liability 848,185 848,185
Deferred rent liability 501,816 455,554
Lease liability - net of current portion 122,578 67,683
Stock dividends payable - long term 601,143
TOTAL LIABILITIES 4,111,652 3,741,727
STOCKHOLDERS' EQUITY    
Common stock par value $0.0001 per share, 250,000,000 shares authorized at September 30, 2018 and December 31, 2017, respectively; 97,697,243 issued and outstanding as of September 30, 2018; 93,371,129 issued and outstanding as of December 31, 2017 9,769 9,335
Additional paid in capital 60,926,628 56,230,347
Accumulated deficit (62,318,300) (51,274,542)
Total stockholders' equity 10,300,230 10,681,965
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 14,411,882 14,423,692
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock value 5,583,686 5,716,825
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY    
Preferred stock value $ 6,098,447