Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 12,446,838 $ 7,306,507
Restricted cash 100,000 155,431
Prepaid expenses 538,646 502,032
Total current assets 13,085,484 7,963,970
Non-current assets:    
Leasehold improvements and equipment - net 2,042,893 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 461,000 535,999
Total non-current assets 6,857,758 6,459,722
Total assets 19,943,242 14,423,692
Current liabilities:    
Accounts payable 295,652 582,867
Note payable 199,842 170,236
Accrued expenses 1,086,868 959,147
Stock dividends payable 1,174,286
Deferred revenue 29,937
Lease liability 83,245 26,975
Total current liabilities 2,839,893 1,769,162
Non-current liabilities:    
Deferred tax liability 341,265 848,185
Deferred rent liability 512,704 455,554
Lease liability - net of current portion 107,656 67,683
Stock dividends payable - long term 601,143
Total non-current liabilities 961,625 1,972,565
Total liabilities 3,801,518 3,741,727
Stockholders' equity:    
Common stock par value $0.0001 per share, 250,000,000 and 250,000,000 shares authorized at December 31, 2018 and December 31, 2017, respectively; 113,287,670 issued and outstanding as of December 31, 2018; 93,371,129 issued and outstanding as of December 31, 2017 11,329 9,335
Additional paid in capital 72,294,921 56,230,347
Accumulated deficit (65,944,759) (51,274,542)
Total stockholders' equity 16,141,724 10,681,965
Total liabilities and stockholders' equity 19,943,242 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 $ 4,196,547