Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,472,187 $ 5,127,958
Accounts receivable, net 3,252,212 132,472
Other receivables 427,241 0
Escrowed cash receivable 3,752,390 0
Inventory, net 382,153 0
Prepaid expenses and other current assets 703,225 391,253
Restricted cash—current portion 1,959 11,111
Total current assets 10,991,367 5,662,794
Property and equipment, net 44,612 43,243
Intangibles assets, net 17,664,480 0
Goodwill 14,292,282 0
Restricted cash, net of current portion 131,353 62,828
Total assets 43,124,094 5,768,865
Current liabilities:    
Term debt, net of discount 0 2,353,667
Accounts payable 1,298,980 1,010,209
Accrued expenses and other current liabilities 7,848,309 947,987
Income taxes payable 2,259,148 0
Total current liabilities 11,406,437 4,311,863
Contingent consideration 2,576,633 0
Deferred tax liability 7,144 0
License obligations 1,250,000 1,250,000
Long term liabilities - other 24,272 0
Total liabilities 15,264,486 5,561,863
Stockholders’ equity:    
Preferred stock—$0.001 par value; 5,000,000 and zero shares authorized at December 31, 2017 and 2016, respectively; zero shares issued and outstanding at December 31, 2017 and 2016 0 0
Common stock—$0.001 par value; 200,000,000 shares authorized at December 31, 2017 and 2016; 31,266,989 and 9,434,141 shares issued and outstanding at December 31, 2017 and 2016, respectively 31,268 9,434
Additional paid-in capital 83,338,136 70,232,651
Contingently issuable shares 2,655,464 0
Accumulated deficit (58,165,260) (70,035,083)
Total stockholders’ equity 27,859,608 207,002
Total liabilities and stockholders’ equity $ 43,124,094 $ 5,768,865