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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,791,270 $ 11,453,133
Accounts receivable and unbilled receivable 122,281 167,755
Prepaid expenses 906,466 1,144,377
Total current assets 11,820,017 12,765,265
Property and equipment, net 252,053 1,304,433
Operating lease right-of-use assets 1,660,631 0
Other assets 135,262 102,798
Total Assets 13,867,963 14,172,496
Current liabilities:    
Accounts payable 525,690 664,840
Accrued expenses 2,352,265 1,813,842
Operating lease liabilities 816,102 0
Deferred rent, current portion 0 486,636
Total current liabilities 3,694,057 2,965,318
Derivative financial instruments—warrants 18,287 32,315
Operating lease liabilities, net of current portion 1,307,384 0
Deferred rent, net of current portion 0 1,090,671
Total Liabilities 5,019,728 4,088,304
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; 277,100 designated as Series A Convertible Preferred Stock; 60,600 shares outstanding at June 30, 2019 and December 31, 2018 with liquidation preference of $606,000 at June 30, 2019 and December 31, 2018; 200,000 designated as Series C Convertible Preferred Stock; 0 shares outstanding at June 30, 2019 and December 31, 2018 60 60
Common stock, $0.0001 par value, 150,000,000 shares authorized; 5,441,390 and 3,831,880 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 7,997 7,742
Additional paid-in capital 210,706,090 202,267,605
Service receivables (1,364,234) 0
Accumulated deficit (200,501,678) (192,191,215)
Total stockholders’ equity 8,848,235 10,084,192
Total liabilities and stockholders’ equity $ 13,867,963 $ 14,172,496