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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 3,193,188 $ 7,444,052
Prepaid expenses and other current assets 1,169,297 1,322,167
Asset held for sale 7,000,000 7,000,000
Total current assets 11,362,485 15,766,219
Property and equipment, net 248,997 222,464
Restricted cash 151,100 151,016
Other assets 551,163 667,747
Total assets 12,313,745 16,807,446
Current liabilities    
Accounts payable 1,548,309 1,895,613
Accrued expenses 1,383,658 2,270,045
Operating lease obligation 176,616 172,310
Other current liabilities 206,415 205,991
Total current liabilities 3,314,998 4,543,959
Non-current liabilities    
Operating lease obligation, less current portion 117,142 163,198
Long term debt, net 1,580,560 1,072,123
Other non-current liabilities 3,940 9,755
Total non-current liabilities 1,701,642 1,245,076
Total liabilities 5,016,640 5,789,035
Commitments and contingencies (Note 8)
Stockholders’ equity    
Convertible preferred stock, $0.01 par value, 10,000,000 shares authorized, seven issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock, $0.01 par value, 200,000,000 authorized, 52,746,728 shares issued and 52,625,228 shares outstanding at March 31, 2020 and December 31, 2019 527,467 527,467
Treasury Stock, at cost, 121,500 shares at March 31, 2020 and December 31, 2019 (47,864) (47,864)
Additional paid-in capital 62,241,145 62,018,632
Accumulated deficit (55,423,643) (51,479,824)
Total stockholders’ equity 7,297,105 11,018,411
Total liabilities and stockholders’ equity $ 12,313,745 $ 16,807,446