Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 55,241,957 $ 29,355,528
Accounts receivable 39,013 57,582
Prepaid expenses and other current assets 3,475,013 3,259,503
Total current assets 58,755,983 32,672,613
Property and equipment, net 2,993,005 2,264,477
Other non-current assets 126,193 125,741
Total assets 61,875,181 35,062,831
Current liabilities:    
Accounts payable 3,317,122 2,386,183
Accrued expenses and other current liabilities 2,958,877 3,719,457
Deferred revenues, current portion 5,168,614 2,274,514
Total current liabilities 11,444,613 8,380,154
Deferred revenue, net of current portion 32,352,662 1,409,483
Other long-term liabilities 42,086 46,667
Total liabilities 43,839,361 9,836,304
Stockholders' equity:    
Preferred stock, $0.001 par value per share, 4,963 shares authorized and 4,963 and 4,963 issued and outstanding at March 31, 2017 and December 31, 2016 5 5
Common stock, $0.001 par value per share, 300,000,000 shares authorized and 43,058,827 and 43,058,827 issued and outstanding at March 31, 2017 and December 31, 2016 43,059 43,059
Additional paid-in capital 130,101,961 129,349,768
Accumulated other comprehensive loss (1,450,617) (1,501,452)
Accumulated deficit (110,658,588) (102,664,853)
Total stockholders' equity 18,035,820 25,226,527
Total liabilities and stockholders' equity $ 61,875,181 $ 35,062,831