Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 18,510,727 $ 13,427,222
Prepaid expenses 540,274 245,441
Other current assets 193,119 229,755
Total Current Assets 19,244,120 13,902,418
Property and equipment, net 3,037,631 3,119,643
Operating lease right of use assets 179,158
Intangible assets, net 420,191 466,905
Total Assets 22,881,100 17,488,966
Current Liabilities    
Accounts payable 1,318,576 807,162
Accrued liabilities 1,266,490 923,034
Management and directors' fees payable 45,536 1,200
Current portion of long-term debt 562,751 416,553
Current portion of finance lease liabilities 144,433 145,150
Current portion of operating lease liabilities 80,118
Current portion of grant repayable 79,589 40,094
Total Current Liabilities 3,497,493 2,333,193
Long-term debt, net of current portion 1,956,119 1,984,262
Finance lease liabilities, net of current portion 642,711 720,013
Operating lease liabilities, net of current portion 100,028
Grant repayable, net of current portion 301,784 311,042
Total Long-Term Liabilities 3,000,642 3,015,317
Total Liabilities 6,498,135 5,348,510
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 39,480,658 shares and 35,335,378 shares, respectively 39,481 35,335
Additional paid-in capital 98,177,719 85,604,271
Accumulated other comprehensive Income 249,510 223,651
Accumulated deficit (82,083,745) (73,722,801)
Total Stockholders' Equity 16,382,965 12,140,456
Total Liabilities and Stockholders' Equity $ 22,881,100 $ 17,488,966