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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 69,106,979 $ 15,569,813
Short-term investments 66,841,690 0
Billed accounts receivable 665,659 511,994
Unbilled accounts receivable 912,126 963,345
Prepaid expenses and other current assets 509,857 181,714
Total current assets 138,036,311 17,226,866
Property and equipment, net 153,823 233,694
Other long-term assets and deferred costs 0 53,384
Goodwill 2,348,453 2,348,453
Total assets 140,538,587 19,862,397
Current liabilities:    
Accounts payable 614,543 521,122
Accrued expenses and other liabilities 1,778,193 1,248,708
Accrued restructuring expenses - current 173,301 381,950
Other short-term liabilities 11,588 11,250
Current portion of derivative instruments 1,150,845 16,411
Total current liabilities 3,728,470 2,179,441
Accrued restructuring expenses, less current portion 0 108,641
Other long-term liabilities 427,077 433,407
Derivative instruments, less current portion 0 491,791
Total liabilities 4,155,547 3,213,280
Stockholders’ equity:    
Common stock, $0.0001 par value; 100,000,000 shares authorized; 66,423,033 and 64,382,086 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 6,642 6,438
Accumulated other comprehensive income 12,346 0
Additional paid-in-capital 244,035,496 240,366,704
Accumulated deficit (107,671,444) (223,724,025)
Total stockholders’ equity 136,383,040 16,649,117
Total liabilities and stockholders’ equity $ 140,538,587 $ 19,862,397