Balance Sheet

v3.10.0.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 7,092,832 $ 6,674,940
Short-term investments 5,000,000
Trade and other receivables 478,722 312,802
Current portion of related party receivable, net of discount 58,784
Prepaid expenses 343,428 402,273
Total current assets 7,914,982 12,448,799
Property and equipment, net 128,017 172,886
Patents, net 814,023 883,462
Related party receivable, net of discount and current portion 343,281 365,456
Other assets 33,004 13,853
Total assets 9,233,307 13,884,456
CURRENT LIABILITIES    
Accounts payable and accrued expenses 713,068 875,065
Accrued bonuses 418,625
Other current liabilities 52,933 220,879
Total current liabilities 766,001 1,514,569
Warrant liabilities, at fair value 2,283,833 3,852,882
Other long term liabilities 8,270 1,876
Total liabilities 3,058,104 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 June 30, 2018 and December 31, 2017 10,000 10,000
Common stock, $0.01 par value; 300,000,000 shares authorized, 15,160,014 shares issued and outstanding at both June 30, 2018 and December 31, 2017 151,600 151,600
Additional paid-in capital 217,485,751 217,050,174
Accumulated other comprehensive income 1,142 2,631
Accumulated deficit (211,473,290) (208,699,276)
Total stockholders' equity 6,175,203 8,515,129
Total liabilities and stockholders' equity $ 9,233,307 $ 13,884,456

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