Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 9,253,831 $ 13,673,308
Restricted cash - current 48,092 40,075
Prepaid expenses and other current assets 785,715 616,222
Total Current Assets 10,087,638 14,329,605
Property and equipment, net of accumulated depreciation of $237,417 and $266,381 113,136 118,799
Operating lease right-of-use assets 807,374
Finance leases right-of-use assets 221,073
Security deposit 49,859 49,859
Restricted cash 391,327 391,131
Total Assets 11,670,407 14,889,394
Current Liabilities:    
Accounts payable and accrued expenses 4,597,824 5,814,004
Note payable 380,545 249,239
Operating leases current liability 286,532
Finance leases current liability 78,732
Total Current Liabilities 5,343,633 6,063,243
Long-term operating lease obligations 531,372
Long-term finance lease obligations 150,939 13,354
Total Liabilities 6,025,944 6,076,597
Stockholders' Equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value; 1,000,000,000 and 600,000,000 shares authorized; 164,701,167 and 115,703,044 shares issued and outstanding 164,701 115,703
Additional paid-in capital 214,237,323 195,554,332
Accumulated deficit (208,757,561) (186,857,238)
Total Stockholders' Equity 5,644,463 8,812,797
Total Liabilities and Stockholders' Equity $ 11,670,407 $ 14,889,394