Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.19.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 39,412,546 $ 12,446,838
Restricted cash 100,000 100,000
Prepaid expenses 391,027 538,646
Total current assets 39,903,573 13,085,484
Non-current assets:    
Leasehold improvements and equipment - net 1,522,413 2,042,893
Operating lease right-of-use assets 4,102,985
Finance lease right-of-use assets 203,371
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposit 486,000 461,000
Total non-current assets 10,668,634 6,857,758
Total assets 50,572,207 19,943,242
Current liabilities:    
Accounts payable 394,692 295,652
Note payable 79,937 199,842
Accrued expenses 1,010,589 1,086,868
Stock dividends payable - current 1,174,286 1,174,286
Operating lease liabilities - current 374,998
Financing lease liabilities - current 81,425 83,245
Total current liabilities 3,115,927 2,839,893
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 4,020,089
Financing lease liabilities - net of current portion 89,240 107,656
Deferred rent liability 512,704
Total non-current liabilities 4,450,594 961,625
Total liabilities 7,566,521 3,801,518
Stockholders' equity:    
Common stock par value $0.0001 per share, 250,000,000 shares authorized at March 31, 2019 and December 31, 2018; 142,991,442 and 113,287,670 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 14,299 11,329
Additional paid in capital 103,284,125 72,294,921
Accumulated deficit (69,995,467) (65,944,759)
Total stockholders' equity 43,005,686 16,141,724
Total liabilities and stockholders' equity 50,572,207 19,943,242
Series A Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value 5,583,686 5,583,686
Series B Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value $ 4,119,043 $ 4,196,547