Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 5,659,384 $ 3,609,438
Accounts receivable, net 2,194,983 1,001,645
Other receivables 2,063,981 4,240,572
Inventory, net 16,276 21,334
Prepaid expenses and other current assets 777,442 706,968
Restricted cash, current portion 64,643 17,535
Investment in Aytu 14,708,768 7,628,947
Current assets of discontinued operations 0 497,577
Total current assets 25,485,477 17,724,016
Property and equipment, net 1,416,832 1,447,663
Intangible assets, net 2,695,675 2,426,258
Goodwill 14,409,088 14,409,088
Restricted cash, net of current portion 112,549 101,945
Total assets 44,119,621 36,108,970
Current liabilities:    
Accounts payable 2,725,998 2,077,524
Accrued expenses and other current liabilities 6,194,205 5,640,252
Income taxes payable 0 551,671
Current liabilities of discontinued operations 6,409,668 3,891,012
Total current liabilities 15,329,871 12,160,459
Royalty obligation 2,000,000 0
Deferred tax liability, net 106,701 85,981
Other long-term liabilities 1,094,307 1,111,965
Long-term liabilities of discontinued operations 0 1,755,000
Total liabilities 18,530,879 15,113,405
Stockholders’ equity:    
Common stock—$0.001 par value; 200,000,000 shares authorized at March 31, 2020 and December 31, 2019; 59,560,252 and 44,384,222 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 59,560 44,384
Preferred stock—$0.001 par value; 5,000,000 shares authorized at March 31, 2020 and December 31, 2019; 1,257,143 and 2,857,143 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1,257 2,857
Additional paid-in capital 160,935,648 135,238,941
Accumulated deficit (135,407,723) (114,290,617)
Total stockholders’ equity 25,588,742 20,995,565
Total liabilities and stockholders’ equity $ 44,119,621 $ 36,108,970