Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 9,386,865 $ 10,646,301
Accounts receivable, net 2,860,288 3,157,555
Other receivables 143,011 5,469,011
Inventory, net 617,609 1,110,780
Prepaid expenses and other current assets 865,062 1,529,516
Restricted cash, current portion 26,265 18,730
Total current assets 13,899,100 21,931,893
Property and equipment, net 1,525,846 586,512
Intangible assets, net 27,632,653 31,239,468
Goodwill 16,411,123 16,411,123
Restricted cash, net of current portion 152,162 81,725
Total assets 59,620,884 70,250,721
Current liabilities:    
Accounts payable 1,445,475 1,446,141
Accrued expenses and other current liabilities 13,347,741 19,731,373
Income taxes payable 1,392,474 2,032,258
Long-term debt, current portion 1,050,000 1,050,000
Contingent consideration, current portion 1,529,386 1,956,807
Total current liabilities 18,765,076 26,216,579
Long-term debt, net of current portion 14,279,198 14,327,882
Contingent consideration, net of current portion 6,329,975 7,093,757
Deferred tax liability, net 88,108 69,238
License obligations 1,250,000 1,250,000
Other long-term liabilities 1,212,268 385,517
Total liabilities 41,924,625 49,342,973
Stockholders’ equity:    
Common stock—$0.001 par value; 200,000,000 shares authorized at June 30, 2019 and December 31, 2018; 42,898,251 and 40,804,189 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 42,898 40,804
Preferred stock—$0.001 par value; 5,000,000 shares authorized at June 30, 2019 and December 31, 2018; 2,857,143 shares issued and outstanding at June 30, 2019 and December 31, 2018 2,857 2,857
Additional paid-in capital 129,545,721 119,082,157
Accumulated deficit (111,895,217) (98,218,070)
Total stockholders’ equity 17,696,259 20,907,748
Total liabilities and stockholders’ equity $ 59,620,884 $ 70,250,721