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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 3,027,962 $ 3,715,895
Restricted cash 55,000 275,000
Prepaid expenses 171,601 193,293
Other current assets 110,663
Total current assets 3,254,563 4,294,851
Furniture and equipment, net 55,119 171,568
Intangible assets, net 640,440 1,700,565
Other assets 194,250 76,337
Total assets 4,144,372 6,243,321
Current liabilities:    
Accounts payable 254,320 814,448
Accrued expenses 16,964 463,676
Payroll liabilities 769,899 1,159,335
Other current liabilities 6,083 64,128
Total current liabilities 1,047,266 2,501,587
Total liabilities 1,047,266 2,501,587
Commitments and contingencies (note 14)
Stockholders' equity    
Preferred stock - $.001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding
Common stock - $.015 par value; 75,000,000 shares authorized, 3,786,913 and 2,177,151 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively 56,804 32,657
Additional paid-in capital 60,344,050 54,643,940
Accumulated deficit (57,303,748) (50,934,863)
Total stockholders' equity 3,097,106 3,741,734
Total liabilities and stockholders' equity $ 4,144,372 $ 6,243,321