Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 12,527,783 $ 5,916,006
Prepaid expenses 188,922 152,926
Other current assets 191,002 153,723
Total Current Assets 12,907,707 6,222,655
Property and equipment, net 725,056 783,805
Intangible assets, net 655,746 705,381
Total Assets 14,288,509 7,711,841
LIABILITIES    
Accounts payable and accrued liabilities 1,566,426 712,160
Management and directors' fees payable 104,151 71,893
Current portion of capital lease liability 85,201 81,338
Deferred grant income 225,148 219,360
Current portion of grant repayable 39,237 34,899
Total Current Liabilities 2,020,163 1,119,650
Capital lease liability, net of current portion 244,133 299,863
Grant repayable, net of current portion 215,697 248,009
Total Liabilities 2,479,993 1,667,522
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 23,608,719 shares and 18,763,272 shares, respectively 23,609 18,763
Additional paid-in capital 49,863,488 35,149,420
Accumulated other comprehensive loss (117,754) (84,171)
Accumulated Deficit (37,960,827) (29,039,693)
Total Stockholders' Equity 11,808,516 6,044,319
Total Liabilities and Stockholders' Equity $ 14,288,509 $ 7,711,841