Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 11,894,166 $ 10,116,263
Prepaid expenses 425,613 248,661
Other current assets 200,629 202,295
Total Current Assets 12,520,408 10,567,219
Property and equipment, net 3,257,434 3,480,782
Intangible assets, net 519,910 576,397
Total Assets 16,297,752 14,624,398
LIABILITIES    
Accounts payable 1,155,949 351,735
Accrued liabilities 1,701,614 1,278,428
Management and directors' fees payable 26,708 35,397
Current portion of long-term debt 282,159 443,908
Current portion of capital lease liabilities 137,455 139,084
Current portion of grant repayable 40,917 41,930
Total Current Liabilities 3,344,802 2,290,482
Long-term debt, net of current portion 1,976,389 1,312,785
Capital lease liabilities, net of current portion 784,364 874,684
Grant repayable, net of current portion 143,100 188,579
Total Liabilities 6,248,655 4,666,530
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 30,031,225 shares and 26,519,394 shares, respectively 30,031 26,519
Additional paid-in capital 74,959,980 65,774,870
Accumulated other comprehensive income (loss) 17,761 (129,343)
Accumulated deficit (64,958,675) (55,714,178)
Total Stockholders' Equity 10,049,097 9,957,868
Total Liabilities and Stockholders' Equity $ 16,297,752 $ 14,624,398