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Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 41,671,738 $ 33,718,713
Restricted cash 34,174 634,416
Total cash, cash equivalents and restricted cash 41,705,912 34,353,129
Accounts receivable 2,629,840 3,461,938
Tax refund receivable 1,080,559 1,008,973
Prepaid expenses and other current assets 688,862 548,094
Total current assets 46,105,173 39,372,134
Property and equipment, net 1,222,130 1,342,802
Right of use asset 732,380  
Intangible assets, net 13,760,216 13,851,924
Other assets 156,115 183,682
Total assets 61,976,014 54,750,542
Current liabilities:    
Notes payable 163,724 71,596
Accounts payable 270,097 372,860
Accrued expenses and other current liabilities 3,046,567 4,082,949
Total current liabilities 3,480,388 4,527,405
Deferred income taxes 58,500 58,500
Other long-term liabilities 2,212,104 1,852,071
Total liabilities 5,750,992 6,437,976
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.0001 par value; 200,000,000 shares authorized; 13,451,106 and 9,078,735 shares issued; 13,450,751 and 9,078,238 shares outstanding at June 30, 2019 and December 31, 2018, respectively 1,313 876
Additional paid-in capital 183,604,057 170,207,844
Accumulated deficit (122,340,185) (116,855,991)
Accumulated other comprehensive loss – foreign currency translation adjustments (5,040,163) (5,040,163)
Total stockholders’ equity 56,225,022 48,312,566
Total liabilities and stockholders’ equity $ 61,976,014 $ 54,750,542