Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 2,281,418 $ 5,787,110
Trade and other receivables 169,905 294,057
Current portion of related party receivable, net of discount 63,938
Prepaid expenses 256,776 363,288
Total current assets 2,708,099 6,508,393
Property and equipment, net 63,441 90,311
Patents, net 713,265 763,543
Related party receivable, net of discount and current portion 298,238
Other assets 36,901 23,965
Total assets 3,521,706 7,684,450
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,051,821 832,564
Other current liabilities 19,537 218,602
Total current liabilities 1,071,358 1,051,166
Warrant liabilities, at fair value 487,723 583,734
Total liabilities 1,559,081 1,634,900
Commitments and contingencies (Note 5)
STOCKHOLDERS' EQUITY    
Preferred stock, 7,000,000 shares authorized, $0.01 par value; 534,809 and 1,000,000 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 5,348 10,000
Common stock, $0.01 par value; 300,000,000 shares authorized, 1,001,798 and 910,253 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 10,018 9,103
Additional paid-in capital 220,125,234 219,654,753
Accumulated other comprehensive loss (3,169) (413)
Accumulated deficit (218,174,806) (213,623,893)
Total stockholders' equity 1,962,625 6,049,550
Total liabilities and stockholders' equity $ 3,521,706 $ 7,684,450