XML 53 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 417,000 $ 95,000
Restricted cash 210,000  
Other current assets 127,000 21,000
Total current assets 754,000 116,000
Restricted cash, net of current portion 90,000 84,000
Property and equipment, net 54,000 35,000
In-process research and development 27,500,000  
Intangible assets, net 3,679,660 3,895,988
Total assets 32,078,000 4,131,000
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 5,094,000 1,801,000
Accrued expenses 2,582,000 622,000
Due to related parties 269,000 78,000
Other accrued liabilities 54,000 32,000
Notes and loans payable 4,633,000 36,000
Share buy-back liability   150,000
Derivative liability   584,000
Total current liabilities 12,632,000 3,303,000
Grants payable 516,000 475,000
Notes and loans payable, net of current portion 235,000 339,000
Deferred tax liability 10,870,063  
Total liabilities 24,253,000 4,117,000
Commitments and contingencies 0 0
Common stock, $.0001 par value; authorized 225,000,000 shares; 13,276,037 and 0 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively 1,000  
Additional paid-in capital 26,659,000 15,299,000
Accumulated deficit (18,835,000) (15,587,000)
Total stockholders’equity 7,825,000 14,000
Total liabilities and stockholders’equity 32,078,000 4,131,000
Founder Shares [Member]
   
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Preferred Stock   110,000
Preferred Class A [Member]
   
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Preferred Stock   71,000
Ordinary Shares [Member]
   
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Preferred Stock   $ 121,000