|
Consolidated Balance Sheets (USD $)
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets |
|
|
| Cash and equivalents |
$ 209,118,117 |
$ 99,113,378 |
| Receivables |
14,217,911 |
2,350,052 |
| Prepaid expenses |
2,518,301 |
3,387,883 |
| Total current assets |
225,854,329 |
104,851,313 |
| Furniture, fixtures and equipment, net |
140,793 |
113,146 |
| Deposits |
346,228 |
346,228 |
| Total assets |
226,341,350 |
105,310,687 |
| Current liabilities |
|
|
| Accounts payable |
10,851,558 |
11,893,790 |
| Accrued expenses |
524,785 |
1,002,496 |
| Accrued payroll and benefits |
564,253 |
1,595,882 |
| Current portion of long-term debt |
5,021,005 |
3,593,536 |
| Total current liabilities |
16,961,601 |
18,085,704 |
| Deferred revenue |
11,325,946 |
11,325,946 |
| Long-term debt |
13,634,979 |
14,878,114 |
| Total liabilities |
41,922,526 |
44,289,764 |
| Commitments and contingencies (Note 4) |
|
|
| Shareholders' Equity |
|
|
| Preferred stock; $.001 par value; 5,000,000 shares authorized; no shares issued or outstanding at December 31, 2014 and March 31, 2015 |
|
|
| Common stock; $.001 par value; 80,000,000 shares authorized; 37,474,944 and 43,587,346 issued and outstanding at December 31, 2014 and March 31, 2015, respectively |
43,588 |
37,475 |
| Additional paid-in capital |
429,701,219 |
288,892,951 |
| Accumulated deficit |
(245,325,983) |
(227,909,503) |
| Total shareholders’ equity |
184,418,824 |
61,020,923 |
| Total liabilities and shareholders’ equity |
$ 226,341,350 |
$ 105,310,687 |