Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 10,488,288 $ 13,255,616
Restricted cash 0 55,000
Prepaid expenses and other current assets 604,650 641,218
Total current assets 11,092,938 13,951,834
Fixed assets, net 516,847 543,339
Right-of-use asset, net 392,122 0
Long-term assets 540,823 540,823
Other assets 6,214 18,086
TOTAL ASSETS 12,548,944 15,054,082
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 2,055,074 1,543,819
Derivative liability 47,000 43,000
Capital lease obligations, current portion 1,402 2,213
Deferred rent 0 33,090
Lease liability 96,287 0
Total current liabilities 2,199,763 1,622,122
LONG-TERM LIABILITIES:    
Deferred rent, less current portion 0 170,999
Lease liability 502,207 0
Total long-term liabilities 502,207 170,999
TOTAL LIABILITIES 2,701,970 1,793,121
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Common stock, $0.00001 par value; 80,000,000 shares authorized; 5,086,709 and 4,732,387 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 51 47
Additional paid-in capital 109,267,845 108,323,208
Accumulated deficit (101,209,984) (97,588,343)
Total stockholders' equity 9,846,974 13,260,961
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 12,548,944 15,054,082
Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value $ 1,789,062 $ 2,526,049