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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,760,848 $ 950,979
Restricted cash 0 511,293
Accounts receivable 12,191 4,963
Other receivable 197,876  
Due from former parent 222,024 299,648
Inventory 396,175 412,754
Deferred offering costs 10,930 72,710
Prepaid expenses 360,501 302,694
Total current assets 3,960,545 2,555,041
Property and equipment, net 855,883 885,945
Other assets 122,163 122,163
Total assets 4,938,591 3,563,149
Current liabilities:    
Accounts payable 3,443,924 517,000
Deferred collaboration revenue 1,451,789  
Deferred product revenue 184,674 224,454
Convertible notes payable 1,777,346 150,000
Accrued expenses 860,851 582,522
Warrant liability 551,880 799,201
Derivative liability 20,000  
Current portion of long-term debt 2,071,646 1,919,675
Total current liabilities 10,362,110 4,192,852
Long-term debt, net of discount 835,976 1,817,526
Deferred rent 7,271 6,956
Total liabilities 11,205,357 6,017,334
Commitments and Contingencies (See Note 6)
Stockholders' Deficit:    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at June 30, 2017 and December 31, 2016; no shares issued and outstanding at June 30, 2017 and December 31, 2016.
Common stock: $0.0001 par value, 50,000,000 shares authorized at June 30, 2017 and December 31, 2016; 17,482,501 and 14,007,132 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively. 1,748 1,401
Additional paid-in capital 40,688,594 37,980,522
Accumulated deficit (46,957,108) (40,436,108)
Total stockholders' deficit (6,266,766) (2,454,185)
Total liabilities and stockholders' deficit $ 4,938,591 $ 3,563,149