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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,078,618 $ 12,110,565
Restricted cash   2,422,500
Other receivables 23,530 53,405
Prepaid assets   625,296
Deferred financing costs, current   1,224
Other assets, current 3,378  
Total current assets 2,105,526 15,212,990
Property, plant and equipment, net   5,217,929
Other intangible assets, net 38,827 45,816
Other assets, non-current   742,729
Total assets 2,144,353 21,219,464
Current liabilities:    
Accounts payable 813,626 2,512,045
Accrued expenses and other current liabilities 560,654 5,731,596
Accrued expenses wind-down expenses 80,000  
Loan payable net of discount, current 2,000,000 1,417,388
Deferred revenue, current 16,826 16,826
Capital lease obligation, current   20,032
Deferred rent, current   132,338
Total current liabilities 3,471,106 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 651,902 770,964
Deferred rent, non-current   1,621,338
Deferred revenue, non-current 16,639 29,258
Other long-term liabilities 126,439 369,370
Total liabilities 4,266,086 21,553,674
Commitments and contingencies (Note 9)
Stockholders' deficit:    
Common stock, $0.01 par value; 200,000,000 shares authorized; issued and outstanding 16,259,598 at September 30, 2016 and 9,279,021 at December 31, 2015 [1] 162,596 92,791
Additional paid-in capital 465,648,736 456,212,274
Accumulated deficit (467,980,451) (456,686,634)
Accumulated other comprehensive income 47,386 47,359
Total stockholders' deficit (2,121,733) (334,210)
Total liabilities and stockholders' deficit $ 2,144,353 $ 21,219,464
[1] Adjusted for the 1-for-12 reverse stock split as discussed in Note 1.