XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 8,691,000 $ 4,394,000
Investments held-to-maturity 6,477,000 16,863,000
Accounts receivable 49,000 165,000
Prepaid expenses and other current assets 409,000 364,000
TOTAL CURRENT ASSETS 15,626,000 21,786,000
PROPERTY AND EQUIPMENT    
Property and equipment 3,901,000 3,784,000
Less: Accumulated depreciation and amortization (2,015,000) (1,797,000)
PROPERTY AND EQUIPMENT, NET 1,886,000 1,987,000
NONCURRENT ASSETS    
Intangible assets, net 1,426,000 1,374,000
Restricted cash 211,000 211,000
Goodwill 808,000 817,000
Operating lease right-of-use assets 2,928,000  
Other assets 68,000 69,000
TOTAL NONCURRENT ASSETS 5,441,000 2,471,000
TOTAL ASSETS 22,953,000 26,244,000
CURRENT LIABILITIES    
Accounts payable 777,000 695,000
Accrued expenses 275,000 464,000
Accrued salaries and payroll related expenses 1,453,000 1,835,000
Deferred revenue 204,000 271,000
Operating lease liabilities, current 134,000  
TOTAL CURRENT LIABILITIES 2,843,000 3,265,000
LONG-TERM LIABILITIES    
Deferred rent   81,000
Operating lease liabilities, net of current portion 2,919,000  
TOTAL LIABILITIES 5,762,000 3,346,000
Commitments and contingencies (Note 10) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 47,000,000 authorized and 27,648,287 outstanding as of March 31, 2019, and 27,391,290 outstanding as of December 31, 2018 27,000 27,000
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of March 31, 2019 and December 31, 2018 0 0
Additional paid-in capital 116,890,000 115,450,000
Accumulated other comprehensive loss (25,000) (15,000)
Accumulated deficit (99,701,000) (92,564,000)
TOTAL STOCKHOLDERS’ EQUITY 17,191,000 22,898,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 22,953,000 $ 26,244,000