Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 32,664,782 $ 12,446,838
Restricted cash 200,000 100,000
Prepaid expenses 1,386,130 538,646
Total current assets 34,250,912 13,085,484
Non-current assets:    
Leasehold improvements and equipment - net 1,806,304 2,042,893
Operating lease right-of-use assets - net 3,877,069
Finance lease right-of-use assets - net 141,972
In-process research and development 3,017,377 3,017,377
Goodwill 1,336,488 1,336,488
Restricted cash - security deposits 386,000 461,000
Total non-current assets 10,565,210 6,857,758
Total assets 44,816,122 19,943,242
Current liabilities:    
Accounts payable 685,802 295,652
Note payable 199,842
Accrued expenses 1,462,767 1,086,868
Stock dividends payable 1,174,286
Operating lease liabilities - current 407,026
Financing lease liabilities - current 66,743 83,245
Total current liabilities 2,622,338 2,839,893
Non-current liabilities:    
Deferred tax liability 341,265 341,265
Operating lease liabilities - net of current portion 3,809,442
Financing lease liabilities - net of current portion 62,331 107,656
Deferred rent liability 512,704
Total non-current liabilities 4,213,038 961,625
Total liabilities 6,835,376 3,801,518
Stockholders' equity:    
Common stock par value $0.0001 per share, 250,000,000 shares authorized at September 30, 2019 and December 31, 2018; 162,720,274 and 113,287,670 issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 16,271 11,329
Additional paid-in capital 112,745,948 72,294,921
Accumulated deficit (78,804,724) (65,944,759)
Total stockholders' equity 37,980,746 16,141,724
Total liabilities and stockholders' equity 44,816,122 19,943,242
Series A Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value 5,583,686
Series B Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value $ 4,023,251 $ 4,196,547