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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 5,341,433 $ 11,437,118
Supplies for clinical trials 1,302,206 1,186,186
Other assets 494,188 791,485
Total current assets 7,137,827 13,414,789
Property and equipment, net 93,228 109,823
Supplies for clinical trials 1,138,347 1,309,648
Deposits 1,920,894 1,955,514
Deferred financing costs 216,425 100,216
Total assets 10,506,721 16,889,990
Current liabilities:    
Accounts payable 914,573 1,342,126
Accrued compensation and benefits 234,102 1,109,864
Accrued liabilities 1,010,137 786,953
Total current liabilities 2,158,812 3,238,943
CIRM liability 7,398,400 6,945,741
Warrant liability 470,784 573,560
Total liabilities 10,027,996 10,758,244
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Preferred stock $0.0001 par value, 1,000,000 shares authorized; 0 shares outstanding as of March 31, 2017 and December 31, 2016 0 0
Common stock, $0.0001 par value; 25,000,000 shares authorized; 3,449,075 and 3,444,859 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 345 344
Additional paid-in capital 102,526,809 102,354,844
Accumulated deficit (102,048,429) (96,223,442)
Total shareholders’ equity 478,725 6,131,746
Total liabilities and shareholders’ equity $ 10,506,721 $ 16,889,990