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Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 7,725,000 $ 5,711,000
Accounts receivable, net   12,000
Prepaid expenses and other current assets 264,000 590,000
Total current assets 7,989,000 6,313,000
Property and equipment, net 847,000 1,072,000
In process research and development 4,661,000 10,461,000
Acquired patents, net 284,000 307,000
Total assets 13,781,000 18,153,000
Current liabilities    
Accounts payable and accrued expenses 949,000 1,617,000
Deferred revenue 20,000  
Accrued compensation 1,145,000 895,000
Dividends payable 38,000 38,000
Insurance premium liability 20,000 185,000
Note payable 305,000 803,000
Total current liabilities 2,477,000 3,538,000
Derivative liabilities 400,000 2,443,000
Deferred tax liability 1,147,000 2,449,000
Total liabilities 4,024,000 8,430,000
Series B redeemable convertible preferred stock    
$0.01 par value; no shares authorized at September 30, 2017 and December 31, 2016; no shares issued and outstanding at September 30, 2017 and December 31, 2016
Stockholders' equity    
Common stock, $0.01 par value; 67,000,000 shares authorized at September 30, 2017 and December 31, 2016; 9,325,595 and 1,648,751 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 93,000 16,000
Additional paid-in capital 401,518,000 391,067,000
Accumulated deficit (391,854,000) (381,360,000)
Total stockholders' equity 9,757,000 9,723,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 13,781,000 $ 18,153,000