Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 19,697,169 $ 13,427,222
Accounts receivable 16,031
Prepaid expenses 409,074 245,441
Other current assets 184,856 229,755
Total Current Assets 20,307,130 13,902,418
Property and equipment, net 2,889,554 3,119,643
Operating lease right-of-use assets 193,918
Intangible assets, net 386,038 466,905
Total Assets 23,776,640 17,488,966
Current Liabilities    
Accounts payable 509,276 807,162
Accrued liabilities 1,868,994 923,034
Management and directors' fees payable 48,775 1,200
Current portion of long-term debt 570,921 416,553
Current portion of finance lease liabilities 116,920 145,150
Current portion of operating lease liabilities 90,270
Current portion of grants repayable 38,174 40,094
Total Current Liabilities 3,243,330 2,333,193
Long-term debt, net of current portion 1,732,354 1,984,262
Finance lease liabilities, net of current portion 603,503 720,013
Operating lease liabilities, net of current portion 106,181
Grants repayable, net of current portion 289,492 311,042
Total Long-Term Liabilities 2,731,530 3,015,317
Total Liabilities 5,974,860 5,348,510
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 41,092,340 shares and 35,335,378 shares, respectively 41,092 35,335
Additional paid-in capital 103,374,419 85,604,271
Accumulated other comprehensive income 650,819 223,651
Accumulated deficit (86,264,550) (73,722,801)
Total Stockholders' Equity 17,801,780 12,140,456
Total Liabilities and Stockholders' Equity $ 23,776,640 $ 17,488,966