Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 5,484,083 $ 7,166,260
Accounts and other receivables 2,800,039 3,703,186
Inventory, net 898,936 652,906
Prepaid expenses and other 853,066 1,054,822
Total current assets 10,036,124 12,577,174
Property and equipment 3,860,851 3,871,035
Less accumulated depreciation and amortization 2,079,269 1,943,427
Property and equipment, net 1,781,582 1,927,608
Patents and trademarks 222,590 233,596
Less accumulated amortization 38,149 47,438
Patents and trademarks, net 184,441 186,158
Other assets 281,534 273,573
Total assets 12,283,681 14,964,513
Current liabilities:    
Accounts payable 2,901,363 1,767,523
Accrued liabilities and other 3,066,745 3,038,713
Deferred revenue, current 945,190 1,044,281
Notes payable, current, net of discounts of $1,960,631 and $0, respectively 50,179,537 333,333
Total current liabilities 57,092,835 6,183,850
Deferred revenue 26,061 192,728
Notes payable, net of discounts of $0 and $2,033,506, respectively 10,672,265 60,746,002
Other liabilities 1,653,328 1,677,633
Total liabilities $ 69,444,489 $ 68,800,213
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; no shares issued or outstanding at March 31, 2016 and December 31, 2015, respectively
Common stock; $.001 par value; 200,000,000 shares authorized; 155,505,583 and 155,649,665 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 155,506 $ 155,650
Additional paid-in capital 326,447,029 326,085,743
Accumulated deficit (384,232,659) (380,546,651)
Total Navidea stockholders' deficit (57,630,124) (54,305,258)
Noncontrolling interest 469,316 469,558
Total stockholders’ deficit (57,160,808) (53,835,700)
Total liabilities and stockholders’ deficit $ 12,283,681 $ 14,964,513