Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 13,255,616 $ 10,006,421
Restricted cash 55,000 55,000
Prepaid expenses and other current assets 641,218 412,173
Total current assets 13,951,834 10,473,594
Fixed assets, net 543,339 244,713
Goodwill 0 1,675,462
Long-term assets 540,823 465,823
Other assets 18,086 11,872
TOTAL ASSETS 15,054,082 12,871,464
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 1,543,819 1,867,758
Derivative liability 43,000 105,050
Capital lease obligations, current portion 2,213 3,036
Deferred rent 33,090 138,944
Total current liabilities 1,622,122 2,114,788
LONG-TERM LIABILITIES:    
Capital lease obligation, less current portion 0 2,213
Deferred rent, less current portion 170,999 0
Total long-term liabilities 170,999 2,213
TOTAL LIABILITIES 1,793,121 2,117,001
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:    
Common stock, $0.00001 par value; 80,000,000 shares authorized; 4,732,387 and 1,666,144 shares issued and outstanding at December 31, 2018 and 2017, respectively 47 16
Additional paid-in capital 108,323,208 94,107,981
Accumulated deficit (97,588,343) (84,349,316)
Total stockholders' equity 13,260,961 10,754,463
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 15,054,082 12,871,464
Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value 0 995,782
Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value $ 2,526,049 $ 0