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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,448,761 $ 12,110,565
Restricted cash   2,422,500
Trust account 2,300,000  
Other receivables 47,201 53,405
Prepaid assets   625,296
Deferred financing costs, current   1,224
Other assets, current 40,000  
Total current assets 4,835,962 15,212,990
Property, plant and equipment, net   5,217,929
Assets held for sale 1,450,000  
Other intangible assets, net 38,827 45,816
Other assets, non-current   742,729
Total assets 6,324,789 21,219,464
Current liabilities:    
Accounts payable 4,171,777 2,512,045
Accrued expenses and other current liabilities 2,343,032 5,731,596
Accrued wind-down expenses 3,943,310  
Loan payable net of discount, current   1,417,388
Deferred revenue, current 16,826 16,826
Capital lease obligation, current   20,032
Deferred rent, current   132,338
Total current liabilities 10,474,945 9,830,225
Capital lease obligations, non-current   15,878
Loan payable net of discount, non-current   8,916,641
Fair value of warrant liability 591,037 770,964
Deferred rent, non-current   1,621,338
Deferred revenue, non-current 20,845 29,258
Other long-term liabilities 126,439 369,370
Total liabilities 11,213,266 21,553,674
Commitments and contingencies (Note 9)
Stockholders' deficit:    
Common stock, $0.01 par value; 200,000,000 shares authorized; issued and outstanding 11,728,985 at June 30, 2016 and 9,279,021 at December 31, 2015 [1] 117,291 92,791
Additional paid-in capital 458,679,539 456,212,274
Accumulated deficit (463,732,581) (456,686,634)
Accumulated other comprehensive income 47,274 47,359
Total stockholders' deficit (4,888,477) (334,210)
Total liabilities and stockholders' deficit $ 6,324,789 $ 21,219,464
[1] * Adjusted for the 1-for-12 reverse stock split as discussed in Note 1.