Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 16,505,210 $ 21,678,734
Prepaid expenses 299,290 165,927
Other current assets 146,982 166,887
Total Current Assets 16,951,482 22,011,548
Property and equipment, net 3,418,703 2,119,027
Intangible assets, net 599,139 602,193
Total Assets 20,969,324 24,732,768
LIABILITIES    
Accounts payable 369,754 281,179
Accrued liabilities 1,434,065 1,439,275
Management and directors' fees payable 79,163 81,057
Current portion of long-term debt 138,037 30,655
Current portion of capital lease liabilities 130,936 119,016
Deferred grant income 49,436 45,510
Current portion of grant repayable 39,979 36,804
Total Current Liabilities 2,241,370 2,033,496
Long-term debt 1,064,515 432,027
Capital lease liabilities 900,693 889,810
Grant repayable 179,800 202,325
Total Liabilities 4,386,378 3,557,658
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 26,468,700 shares and 26,126,049 shares, respectively 26,469 26,126
Additional paid-in capital 64,415,602 62,287,252
Accumulated other comprehensive loss (100,483) (193,297)
Accumulated Deficit (47,758,642) (40,944,971)
Total Stockholders' Equity 16,582,946 21,175,110
Total Liabilities and Stockholders' Equity $ 20,969,324 $ 24,732,768