Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 4,005,089 $ 5,787,110
Trade and other receivables 237,782 294,057
Current portion of related party receivable, net of discount 63,938
Prepaid expenses 295,406 363,288
Total current assets 4,538,277 6,508,393
Property and equipment, net 75,668 90,311
Patents, net 738,404 763,543
Related party receivable, net of discount and current portion 298,238
Other assets 53,354 23,965
Total assets 5,405,703 7,684,450
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,083,143 832,564
Other current liabilities 126,930 218,602
Total current liabilities 1,210,073 1,051,166
Warrant liabilities, at fair value 923,849 583,734
Total liabilities 2,133,922 1,634,900
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, 18,205,060 shares issued and outstanding at both March 31, 2019 and December 31, 2018. 182,051 182,051
Additional paid-in capital 219,819,771 219,481,805
Accumulated other comprehensive income (2,156) (413)
Accumulated deficit (216,737,885) (213,623,893)
Total stockholders' equity 3,271,781 6,049,550
Total liabilities and stockholders' equity $ 5,405,703 $ 7,684,450