Balance Sheet

v3.8.0.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 9,724,248 $ 6,674,940
Short-term investments 5,000,000
Trade and other receivables 137,372 312,802
Current portion of related party receivable, net of discount 58,784
Prepaid expenses 346,995 402,273
Total current assets 10,208,615 12,448,799
Property and equipment, net 149,668 172,886
Patents, net 839,314 883,462
Related party receivable, net of discount and current portion 334,303 365,456
Other assets 18,048 13,853
Total assets 11,549,948 13,884,456
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,169,736 875,065
Accrued bonuses 418,625
Other current liabilities 109,266 220,879
Total current liabilities 1,279,002 1,514,569
Warrant liabilities 3,662,663 3,852,882
Other long term liabilities 1,172 1,876
Total liabilities 4,942,837 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, 2018 and December 31, 2017 10,000 10,000
Common stock, $0.01 par value; 300 million shares authorized, 15,160,014 shares issued and outstanding at both March 31, 2018 and December 31, 2017 151,600 151,600
Additional paid-in capital 217,289,009 217,050,174
Accumulated other comprehensive income 2,746 2,631
Accumulated deficit (210,846,244) (208,699,276)
Total stockholders' equity 6,607,111 8,515,129
Total liabilities and stockholders' equity $ 11,549,948 $ 13,884,456

Source