General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v3.19.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 5,787,110 $ 6,674,940
Short-term investments 5,000,000
Trade and other receivables 294,057 312,802
Current portion of related party receivable, net of discount 63,938 58,784
Prepaid expenses 363,288 402,273
Total current assets 6,508,393 12,448,799
Property and equipment, net 90,311 172,886
Patents, net 763,543 883,462
Related party receivable, net of discount and current portion 298,238 365,456
Other assets 23,965 13,853
Total assets 7,684,450 13,884,456
CURRENT LIABILITIES    
Accounts payable and accrued expenses 832,564 875,065
Accrued bonuses 418,625
Other current liabilities 218,602 220,879
Total current liabilities 1,051,166 1,514,569
Warrant liabilities, at fair value 583,734 3,852,882
Other long term liabilities 1,876
Total liabilities 1,634,900 5,369,327
Commitments and contingencies (Note 5)
STOCKHOLDERS' EQUITY    
Preferred stock, 7,000,000 shares authorized, $0.01 par value; 1,000,000 shares issued and outstanding at both March 31, 2019 and December 31, 2018 10,000 10,000
Common stock, $0.01 par value; 300,000,000 shares authorized, 910,253 shares issued and outstanding at both March 31, 2019 and December 31, 2018. 9,103 7,580
Additional paid-in capital 219,654,753 217,194,194
Accumulated other comprehensive income (413) 2,631
Accumulated deficit (213,623,893) (208,699,276)
Total stockholders' equity 6,049,550 8,515,129
Total liabilities and stockholders' equity $ 7,684,450 $ 13,884,456