Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 18,919,448 $ 3,609,438
Accounts receivable, net 2,177,323 1,001,645
Other receivables 2,207,995 4,240,572
Inventory, net 3,136 21,334
Prepaid expenses and other current assets 2,659,520 706,968
Restricted cash, current portion 37,922 17,535
Investment in Aytu 0 7,628,947
Current assets of discontinued operations 0 497,577
Total current assets 26,005,344 17,724,016
Property and equipment, net 1,607,070 1,447,663
Intangible assets, net 1,585,175 2,426,258
Goodwill 14,409,088 14,409,088
Restricted cash, net of current portion 148,642 101,945
Total assets 43,755,319 36,108,970
Current liabilities:    
Accounts payable 2,573,548 2,077,524
Accrued expenses and other current liabilities 11,309,721 5,640,252
Income taxes payable 0 551,671
Current liabilities of discontinued operations 1,341,667 3,891,012
Total current liabilities 15,224,936 12,160,459
Royalty obligation 2,000,000 0
Deferred tax liability, net 90,395 85,981
Other long-term liabilities 1,878,395 1,111,965
Long-term liabilities of discontinued operations 0 1,755,000
Total liabilities 19,193,726 15,113,405
Stockholders’ equity:    
Common stock—$0.001 par value; 200,000,000 shares authorized at December 31, 2020 and 2019; 75,004,127 and 44,384,222 shares issued and outstanding at December 31, 2020 and 2019, respectively 75,003 44,384
Preferred stock—$0.001 par value; 5,000,000 shares authorized at December 31, 2020 and 2019; 1,257,143 and 2,857,143 shares issued and outstanding at December 31, 2020 and 2019, respectively 1,257 2,857
Additional paid-in capital 202,275,722 135,238,941
Accumulated deficit (177,790,389) (114,290,617)
Total stockholders’ equity 24,561,593 20,995,565
Total liabilities and stockholders’ equity $ 43,755,319 $ 36,108,970