Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 16,166,272 $ 13,427,222
Prepaid expenses 658,084 245,441
Other current assets 247,500 229,755
Total Current Assets 17,071,856 13,902,418
Property and equipment, net 3,024,512 3,119,643
Operating lease right-of-use assets 96,538
Intangible assets, net 437,766 466,905
Total Assets 20,630,672 17,488,966
Current Liabilities    
Accounts payable 602,142 807,162
Accrued liabilities 1,361,853 923,034
Management and directors' fees payable 5,276 1,200
Current portion of long-term debt 467,754 416,553
Current portion of finance lease liabilities 143,118 145,150
Current portion of operating lease liabilities 46,747
Current portion of grant repayable 39,272 40,094
Total Current Liabilities 2,666,162 2,333,193
Long-term debt, net of current portion 1,797,227 1,984,262
Finance lease liabilities, net of current portion 669,123 720,013
Operating lease liabilities, net of current portion 50,349
Grant repayable, net of current portion 337,096 311,042
Total Long Term Liabilities 2,853,795 3,015,317
Total Liabilities 5,519,957 5,348,510
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 37,813,991 shares and 35,335,378 shares, respectively 37,814 35,335
Additional paid-in capital 92,799,878 85,604,271
Accumulated other comprehensive income 199,597 223,651
Accumulated deficit (77,926,574) (73,722,801)
Total Stockholders' Equity 15,110,715 12,140,456
Total Liabilities and Stockholders' Equity $ 20,630,672 $ 17,488,966