Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 7,299,836 $ 5,787,110
Trade and other receivables 61,154 294,057
Current portion of related party receivable, net of discount 63,938
Prepaid expenses 605,312 363,288
Total current assets 7,966,302 6,508,393
Property and equipment, net 51,943 90,311
Patents, net 688,127 763,543
Related party receivable, net of discount and current portion 298,238
ROU and other assets 237,141 23,965
Total assets 8,943,513 7,684,450
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,181,364 832,564
Short term note and other current liabilities 400,016 218,602
Total current liabilities 1,581,380 1,051,166
Warrant liabilities, at fair value 166,938 583,734
Lease liability, net of current portion 152,632
Total liabilities 1,900,950 1,634,900
Commitments and contingencies (Note 5)
STOCKHOLDERS' EQUITY    
Preferred stock, 7,000,000 shares authorized, $0.01 par value; 200,000 and 1,000,000 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 2,000 10,000
Common stock, $0.01 par value; 300,000,000 shares authorized, 2,818,291 and 910,253 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 28,183 9,103
Additional paid-in capital 226,957,990 219,654,753
Accumulated other comprehensive loss (7,670) (413)
Accumulated deficit (219,937,940) (213,623,893)
Total stockholders' equity 7,042,563 6,049,550
Total liabilities and stockholders' equity $ 8,943,513 $ 7,684,450