Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 29,589,000 $ 10,688,000
Accounts receivable 5,000 78,000
Prepaid expenses and other current assets 531,000 375,000
TOTAL CURRENT ASSETS 30,125,000 11,141,000
PROPERTY AND EQUIPMENT    
Property and equipment 4,542,000 4,519,000
Less: Accumulated depreciation and amortization (2,869,000) (2,634,000)
PROPERTY AND EQUIPMENT, NET 1,673,000 1,885,000
NONCURRENT ASSETS    
Restricted cash 150,000 150,000
Goodwill 840,000 831,000
Operating lease right-of-use assets 2,349,000 2,496,000
Other assets 68,000 68,000
TOTAL NONCURRENT ASSETS 5,092,000 5,121,000
TOTAL ASSETS 36,890,000 18,147,000
CURRENT LIABILITIES    
Accounts payable 1,087,000 1,100,000
Accrued expenses 152,000 521,000
Accrued salaries and payroll related expenses 2,101,000 2,368,000
Deferred revenue 1,469,000 1,731,000
Operating lease liabilities, current 625,000 612,000
TOTAL CURRENT LIABILITIES 5,434,000 6,332,000
LONG-TERM LIABILITIES    
Operating lease liabilities, net of current portion 1,898,000 2,059,000
TOTAL LIABILITIES 7,332,000 8,391,000
Commitments and contingencies (Note 11) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 100,000,000 authorized and 52,700,964 outstanding as of March 31, 2020, and 33,156,246 outstanding as of December 31, 2019 52,000 33,000
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of March 31, 2020 and December 31, 2019 0 0
Additional paid-in capital 159,993,000 132,214,000
Accumulated other comprehensive loss 10,000 1,000
Accumulated deficit (130,497,000) (122,492,000)
TOTAL STOCKHOLDERS’ EQUITY 29,558,000 9,756,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 36,890,000 18,147,000
Domain name and other intangibles, net    
NONCURRENT ASSETS    
Finite-lived intangible assets, net 29,000 33,000
Patents, net    
NONCURRENT ASSETS    
Finite-lived intangible assets, net $ 1,656,000 $ 1,543,000