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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 9,032,206 $ 11,453,133
Accounts receivable and unbilled receivable 152,038 167,755
Prepaid expenses 792,540 1,144,377
Total current assets 9,976,784 12,765,265
Property and equipment, net 271,401 1,304,433
Operating lease right-of-use assets 1,503,335 0
Other assets 170,943 102,798
Total Assets 11,922,463 14,172,496
Current liabilities:    
Accounts payable 492,367 664,840
Accrued expenses 2,842,153 1,813,842
Operating lease liabilities 836,294 0
Deferred rent, current portion 0 486,636
Total current liabilities 4,170,814 2,965,318
Derivative financial instruments—warrants 4,956 32,315
Operating lease liabilities, net of current portion 1,090,713 0
Deferred rent, net of current portion 0 1,090,671
Total Liabilities 5,266,483 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 September 30, 2019 and December 31, 2018 with liquidation preference of $606,000 at September 30, 2019 and December 31, 2018; 200,000 designated as Series C Convertible Preferred Stock; 0 shares outstanding at September 30, 2019 and December 31, 2018 60 60
Common stock, $0.0001 par value, 150,000,000 shares authorized; 6,436,505 and 3,831,880 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 8,096 7,742
Additional paid-in capital 212,463,077 202,267,605
Service receivables (1,165,966) 0
Accumulated deficit (204,649,287) (192,191,215)
Total stockholders’ equity 6,655,980 10,084,192
Total liabilities and stockholders’ equity $ 11,922,463 $ 14,172,496