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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 2,202,000 $ 5,711,000
Accounts receivable, net 15,000 25,000
Prepaid expenses and other current assets 343,000 619,000
Total current assets 2,560,000 6,355,000
Property and equipment, net 982,000 1,072,000
In process research and development 10,461,000 10,461,000
Acquired patents, net 299,000 307,000
Total assets 14,302,000 18,195,000
Current liabilities    
Accounts payable and accrued expenses 1,109,000 1,659,000
Deferred revenue 86,000  
Accrued compensation 884,000 895,000
Dividends payable 38,000 38,000
Insurance premium liability 161,000 185,000
Note payable 598,000 803,000
Total current liabilities 2,876,000 3,580,000
Derivative liabilities 2,329,000 2,443,000
Deferred tax liability 2,449,000 2,449,000
Total liabilities 7,654,000 8,472,000
Series B redeemable convertible preferred stock    
$0.01 par value; 9,357,935 shares authorized at March 31, 2017 and December 31, 2016; no shares issued and outstanding at March 31, 2017 and December 31, 2016
Stockholders' equity    
Common stock, $0.01 par value; 67,000,000 shares authorized at March 31, 2017 and December 31, 2016; 1,648,751 shares issued and outstanding at March 31, 2017 and December 31, 2016 165,000 165,000
Additional paid-in capital 391,097,000 390,918,000
Accumulated deficit (384,614,000) (381,360,000)
Total stockholders' equity (deficit) 6,648,000 9,723,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 14,302,000 $ 18,195,000