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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 14,235,621 $ 15,569,813
Billed accounts receivable 170,323 511,994
Unbilled accounts receivable 1,266,820 963,345
Prepaid expenses and other current assets 463,873 181,714
Total current assets 16,136,637 17,226,866
Property and equipment, net 196,143 233,694
Other long-term assets and deferred costs 53,384 53,384
Goodwill 2,348,453 2,348,453
Total assets 18,734,617 19,862,397
Current liabilities:    
Accounts payable 166,357 521,122
Accrued expenses and other liabilities 1,749,899 1,248,708
Accrued restructuring expenses - current 255,551 381,950
Other short-term liabilities 0 11,250
Current portion of derivative instruments 468,304 16,411
Total current liabilities 2,640,111 2,179,441
Accrued restructuring expenses - long term 43,809 108,641
Other long-term liabilities 424,213 433,407
Derivative instruments, less current portion 0 491,791
Total liabilities 3,108,133 3,213,280
Stockholders' equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized; 64,444,725 and 64,382,086 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 6,444 6,438
Additional paid-in-capital 240,570,971 240,366,704
Accumulated deficit (224,950,931) (223,724,025)
Total stockholders' equity 15,626,484 16,649,117
Total liabilities and stockholders' equity $ 18,734,617 $ 19,862,397