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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 12,583,764 $ 9,906,373
Other current assets 995,067 758,943
Total current assets 13,578,831 10,665,316
Property & equipment, net of accumulated depreciation of $2,443,600 and $2,099,389, respectively 837,867 1,098,104
Other long-term assets 0 38,939
Total assets 14,416,698 11,802,359
Current liabilities:    
Accounts payable 739,850 702,494
Accrued expenses 1,008,077 1,049,513
Deferred revenue 2,905,165 1,230,746
Notes payable - Insurance 148,344 149,671
Total current liabilities 4,801,436 3,132,424
Long term liabilities:    
Deferred revenue 0 1,230,748
Total liabilities 4,801,436 4,363,172
Stockholders' equity:    
Preferred stock, no par value, 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value, 150,000,000 shares authorized, 6,982,909 and 3,529,344 shares issued and outstanding 69,829 35,293
Additional paid in capital 162,884,919 148,724,102
Accumulated deficit (153,339,486) (141,320,208)
Total stockholders' equity 9,615,262 7,439,187
Total liabilities and stockholders' equity $ 14,416,698 $ 11,802,359