Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 13,427,222 $ 10,116,263
Prepaid expenses 245,441 248,661
Other current assets 229,755 202,295
Total Current Assets 13,902,418 10,567,219
Property and equipment, net 3,119,643 3,480,782
Intangible assets, net 466,905 576,397
Total Assets 17,488,966 14,624,398
Current Liabilities    
Accounts payable 807,162 351,735
Accrued liabilities 923,034 1,278,428
Management and directors' fees payable 1,200 35,397
Current portion of long-term debt 416,553 443,908
Current portion of capital lease liabilities 145,150 139,084
Current portion of grant repayable 40,094 41,930
Total Current Liabilities 2,333,193 2,290,482
Long-term debt, net of current portion 1,984,262 1,312,785
Capital lease liabilities, net of current portion 720,013 874,684
Grant repayable, net of current portion 311,042 188,579
Commitments and contingencies
Total Liabilities 5,348,510 4,666,530
STOCKHOLDERS' EQUITY    
Common Stock Authorized: 100,000,000 shares of common stock, at $0.001 par value Issued and outstanding: 35,335,378 shares and 26,519,394 shares, respectively 35,335 26,519
Additional paid-in capital 85,604,271 65,774,870
Accumulated other comprehensive income (loss) 223,651 (129,343)
Accumulated deficit (73,722,801) (55,714,178)
Total Stockholders' Equity 12,140,456 9,957,868
Total Liabilities and Stockholders' Equity $ 17,488,966 $ 14,624,398