• Filing Date: 2016-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 5,568,306 $ 8,034,765
Marketable securities 7,999,010 0
Restricted cash 0 2,977,024
Grant receivable 211,938 360,233
Prepaid expenses and other current assets 210,603 235,523
TOTAL CURRENT ASSETS 13,989,857 11,607,545
PROPERTY AND EQUIPMENT, net 318,566 229,455
OTHER ASSETS    
Intangible assets, net of accumulated amortization of $98,679 and $49,930, respectively 191,003 239,752
In-process research and development, net of accumulated amortization of $0 1,500,000 1,500,000
Other assets 70,146 55,320
TOTAL ASSETS 16,069,572 13,632,072
CURRENT LIABILITIES    
Accounts payable and accrued expenses 2,530,500 1,699,254
Accounts payable and accrued expenses, related party 352,334 433,712
Deferred revenue, current 3,645,834 4,166,667
TOTAL CURRENT LIABILITIES 6,528,668 6,299,633
LONG-TERM LIABILITIES    
Deferred revenue, net of current portion 911,458 4,166,666
Loan payable 9,155,857 9,155,857
Accrued interest 505,363 258,639
TOTAL LONG-TERM LIABILITIES 10,572,678 13,581,162
TOTAL LIABILITIES $ 17,101,346 $ 19,880,795
COMMITMENTS AND CONTINGENCIES (NOTE 6)
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding $ 0 $ 0
Common stock, $0.001 par value, 50,000,000 shares authorized, 16,254,985 and 11,707,051 shares issued and outstanding, respectively 16,255 11,707
Additional paid-in capital 34,115,052 16,054,697
Accumulated other comprehensive income 9,385 0
Accumulated deficit (35,172,466) (22,315,127)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (1,031,774) (6,248,723)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 16,069,572 $ 13,632,072