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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,569,813 $ 18,643,351
Billed accounts receivable 511,994 110,656
Unbilled accounts receivable 963,345 297,431
Prepaid expenses and other current assets 181,714 199,194
Total current assets 17,226,866 19,250,632
Property and equipment, net 233,694 325,772
Other long-term assets and deferred costs 53,384 53,384
Goodwill 2,348,453 2,348,453
Total assets 19,862,397 21,978,241
Current liabilities:    
Accounts payable 521,122 391,396
Accrued expenses and other liabilities 1,248,708 1,195,412
Accrued restructuring expenses 381,950 0
Current portion of long-term debt 0 746,146
Other short-term liabilities 11,250 70,326
Current portion of derivative instruments 16,411 178,509
Total current liabilities 2,179,441 2,581,789
Accrued restructuring expenses - long term 108,641 0
Other long-term liabilities 433,407 493,137
Derivative instruments, less current portion 491,791 629,170
Total liabilities 3,213,280 3,704,096
Stockholders' equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized; 64,382,086 and 63,603,303 shares issued and outstanding at December 31, 2015 and 2014, respectively 6,438 6,360
Additional paid-in-capital 240,366,704 238,780,633
Accumulated other comprehensive loss 0 (229,528)
Accumulated deficit (223,724,025) (220,283,320)
Total stockholders' equity 16,649,117 18,274,145
Total liabilities and stockholders' equity $ 19,862,397 $ 21,978,241