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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 23,157,883 $ 15,569,813
Billed accounts receivable 1,024,374 511,994
Unbilled accounts receivable 797,913 963,345
Prepaid expenses and other current assets 418,636 181,714
Total current assets 25,398,806 17,226,866
Property and equipment, net 183,695 233,694
Other long-term assets and deferred costs 0 53,384
Goodwill 2,348,453 2,348,453
Total assets 27,930,954 19,862,397
Current liabilities:    
Accounts payable 711,106 521,122
Accrued expenses and other liabilities 1,510,003 1,248,708
Accrued restructuring expenses - current 237,125 381,950
Other short-term liabilities 11,588 11,250
Current portion of derivative instruments 798,788 16,411
Total current liabilities 3,268,610 2,179,441
Accrued restructuring expenses, less current portion 0 108,641
Other long-term liabilities 411,640 433,407
Derivative instruments, less current portion 0 491,791
Total liabilities 3,680,250 3,213,280
Stockholders' equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized; 64,785,846 and 64,382,086 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 6,479 6,438
Additional paid-in-capital 241,150,682 240,366,704
Accumulated deficit (216,906,457) (223,724,025)
Total stockholders' equity 24,250,704 16,649,117
Total liabilities and stockholders' equity $ 27,930,954 $ 19,862,397