Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 50,325,193 $ 29,355,528
Accounts receivable 48,470,309 57,582
Prepaid expenses and other current assets 3,947,997 3,259,503
Total current assets 102,743,499 32,672,613
Property and equipment, net 3,085,063 2,264,477
Other non-current assets 128,211 125,741
Total assets 105,956,773 35,062,831
Current liabilities:    
Accounts payable 4,646,270 2,386,183
Accrued expenses and other current liabilities 6,350,841 3,719,457
Deferred revenues, current portion 24,798,649 2,274,514
Total current liabilities 35,795,760 8,380,154
Deferred revenue, net of current portion 60,784,291 1,409,483
Other long-term liabilities 42,862 46,667
Total liabilities 96,622,913 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 June 30, 2017 and December 31, 2016 5 5
Common stock, $0.001 par value per share, 300,000,000 shares authorized and 43,840,909 and 43,058,827 issued and outstanding at June 30, 2017 and December 31, 2016 43,841 43,059
Additional paid-in capital 132,125,992 129,349,768
Accumulated other comprehensive loss (2,092,523) (1,501,452)
Accumulated deficit (120,743,455) (102,664,853)
Total stockholders' equity 9,333,860 25,226,527
Total liabilities and stockholders' equity $ 105,956,773 $ 35,062,831