XML 16 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 8,962,000 $ 5,711,000
Accounts receivable, net   12,000
Prepaid expenses and other current assets 282,000 590,000
Total current assets 9,244,000 6,313,000
Property and equipment, net 909,000 1,072,000
In process research and development 4,661,000 10,461,000
Acquired patents, net 292,000 307,000
Total assets 15,106,000 18,153,000
Current liabilities    
Accounts payable and accrued expenses 1,856,000 1,617,000
Deferred revenue 58,000  
Accrued compensation 1,072,000 895,000
Dividends payable 38,000 38,000
Insurance premium liability 81,000 185,000
Note payable 606,000 803,000
Total current liabilities 3,711,000 3,538,000
Derivative liabilities 387,000 2,443,000
Deferred tax liability 1,147,000 2,449,000
Total liabilities 5,245,000 8,430,000
Series B redeemable convertible preferred stock    
$0.01 par value; no shares authorized at June 30, 2017 and December 31, 2016; no shares issued and outstanding at June 30, 2017 and December 31, 2016
Stockholders' equity    
Common stock, $0.01 par value; 67,000,000 shares authorized at June 30, 2017 and December 31, 2016; 8,549,152 and 1,648,751 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 85,000 16,000
Additional paid-in capital 400,851,000 391,067,000
Accumulated deficit (391,075,000) (381,360,000)
Total stockholders' equity 9,861,000 9,723,000
Total liabilities, Series B redeemable convertible preferred stock and stockholders' equity $ 15,106,000 $ 18,153,000