Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 14,260,282 $ 10,116,263
Prepaid expenses 440,984 248,661
Other current assets 203,929 202,295
Total Current Assets 14,905,195 10,567,219
Property and equipment, net 3,510,426 3,480,782
Intangible assets, net 566,128 576,397
Total Assets 18,981,749 14,624,398
LIABILITIES    
Accounts payable 445,065 351,735
Accrued liabilities 1,485,941 1,278,428
Management and directors' fees payable 20,613 35,397
Current portion of long-term debt 474,712 443,908
Current portion of capital lease liabilities 144,015 139,084
Current portion of grant repayable 43,143 41,930
Total Current Liabilities 2,613,489 2,290,482
Long-term debt, net of current portion 1,296,791 1,312,785
Capital lease liabilities, net of current portion 863,620 874,684
Grant repayable, net of current portion 194,030 188,579
Total Liabilities 4,967,930 4,666,530
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 30,030,793 shares and 26,519,394 shares, respectively 30,031 26,519
Additional paid-in capital 74,464,783 65,774,870
Accumulated other comprehensive loss (114,396) (129,343)
Accumulated deficit (60,366,599) (55,714,178)
Total Stockholders' Equity 14,013,819 9,957,868
Total Liabilities and Stockholders' Equity $ 18,981,749 $ 14,624,398