Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
ASSETS    
Cash $ 6,851,526 $ 2,138,964
Prepaid expenses 259,459 144,095
Other current assets 151,650 52,659
Total Current Assets 7,262,635 2,335,718
Property and equipment, net 853,590 288,585
Intangible assets, net 744,930 808,726
Total Assets 8,861,155 3,433,029
LIABILITIES    
Accounts payable and accrued liabilities 694,524 797,909
Management and directors' fees payable $ 94,402 146,016
Derivative Liability $ 1,577,640
Current portion of capital lease liability $ 83,326
Deferred grant income 177,480 $ 191,512
Current portion of grant repayable 35,978
Total Current Liabilities 1,085,710 $ 2,713,077
Capital lease liability, net of current portion 330,290
Deferred grant income, net of current portion 48,658
Grant repayable, net of current portion 255,673 $ 351,773
Total Liabilities $ 1,720,331 $ 3,064,850
STOCKHOLDERS' EQUITY    
Preferred Stock Authorized: 1,000,000 shares of preferred stock, at $0.001 par value Issued and outstanding: Nil shares and Nil shares, respectively
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 18,072,215 shares and 14,691,332 shares, respectively $ 18,072 $ 14,691
Additional paid-in capital 33,540,971 19,966,771
Accumulated other comprehensive loss (65,249) (103,832)
Accumulated Deficit (26,352,970) (19,509,451)
Total Stockholders' Equity 7,140,824 368,179
Total Liabilities and Stockholders' Equity $ 8,861,155 $ 3,433,029