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Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets:      
Cash and cash equivalents $ 5,655,200 $ 4,921,545 $ 5,525,094
Contracts and grants receivable 1,697,632 1,985,212 794,767
Prepaid expenses 225,614 244,267 172,928
Total current assets 7,578,446 7,151,024 6,492,789
Office furniture and equipment, net 33,050 47,366 51,510
Intangible assets, net 142,308 188,732 409,949
Total assets 7,753,804 7,387,122 6,954,248
Current liabilities:      
Accounts payable 3,120,384 2,869,392 3,003,545
Accrued expenses 1,075,835 1,510,544  
Notes payable 292,719
Warrant liability 1,324,909 2,434,101 3,789,562
Accrued compensation 62,245 298,675 315,030
Total current liabilities 5,583,373 7,405,431 7,108,137
Commitments and contingencies
Shareholders' equity (deficiency):      
Preferred stock, 350,000 shares authorized; none issued or outstanding
Common stock, $.001 par value; 10,000,000 shares and 5,000,000 shares authorized at September 30, 2016 and December 31, 2015, respectively; 3,754,224 shares and 3,126,952 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively(1) [1] 3,755 3,127 2,394
Additional paid-in capital(1) [1] 151,959,679 146,856,143 138,890,066
Accumulated deficit (149,793,003) (146,877,579) (139,046,349)
Total shareholders' equity (deficiency) 2,170,431 (18,309) (153,889)
Total liabilities and shareholders' equity (deficiency) $ 7,753,804 $ 7,387,122 $ 6,954,248
[1] Adjusted to reflect the reverse stock split of one-for-ten effective October 7, 2016.