XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 2,495,000 $ 4,409,000
Restricted cash 8,362,000 27,287,000
Accounts receivables, net 298,000 403,000
Inventories 1,164,000 660,000
Prepaid expenses and other current assets 385,000 698,000
Deferred financing costs 529,000 699,000
Total current assets 13,233,000 34,156,000
Property, plant and equipment, net 1,253,000 1,083,000
Total assets 14,486,000 35,239,000
Current liabilities    
Accounts payable 1,891,000 594,000
Accrued expenses 3,755,000 3,407,000
Series C preferred shares 494,000 0
Convertible notes payable, net of debt discount 9,736,000 13,343,000
Warrant liability 16,000 18,751,000
Total current liabilities 15,892,000 36,095,000
Deferred revenue 0 30,000
Other non-current liabilities 444,000 604,000
Total liabilities 16,336,000 36,729,000
Commitments and Contingencies
Stockholders' deficit    
Preferred stock, $.01 par value; 10,000,000 shares authorized; no shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 0 0
Common stock, $.01 par value; 500,000,000 shares authorized; 1,426,153 and 11,805 shares issued and 1,425,862 and 11,750 shares outstanding at September 30, 2017 and December 31, 2016, respectively* [1] 14,000 0
Additional paid-in capital 303,808,000 277,790,000
Accumulated deficit (305,587,000) (279,188,000)
Treasury stock, at cost; 1 share at September 30, 2017 and December 31, 2016, respectively* [1] (51,000) (51,000)
Accumulated other comprehensive income (34,000) (41,000)
Total stockholders' deficit (1,850,000) (1,490,000)
Total liabilities and stockholders' deficit $ 14,486,000 $ 35,239,000
[1] reflects a one-for-sixteen (1:16) reverse stock split effected on July 21, 2016 and a one-for-three hundred and fifty (1:350) reverse stock split effected on November 6, 2017