Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 15,790,235 $ 5,479,006
Accounts receivable 1,829,590 816,544
Inventory, net 1,195,109 932,385
Prepaid expenses and other 716,118 1,371,210
Total current assets 19,531,052 8,599,145
Property and equipment 3,969,677 4,124,028
Less accumulated depreciation and amortization 1,748,487 1,614,320
Property and equipment, net 2,221,190 2,509,708
Patents and trademarks 216,497 219,558
Less accumulated amortization 43,723 38,725
Patents and trademarks, net 172,774 180,833
Investment in R-NAV, LLC 0 241,575
Other assets 273,573 299,047
Total assets 22,198,589 11,830,308
Current liabilities:    
Accounts payable 1,357,661 1,477,499
Accrued liabilities and other 2,897,698 3,234,120
Deferred revenue, current 1,000,000 0
Notes payable, current, net of discounts of $0 and $863,813, respectively 333,333 4,348,678
Total current liabilities 5,588,692 9,060,297
Deferred revenue 666,667 0
Notes payable, net of discounts of $2,167,545 and $1,585,882, respectively 58,836,254 29,484,057
Other liabilities 1,725,477 3,089,420
Total liabilities $ 66,817,090 $ 41,633,774
Commitments and contingencies    
Stockholders’ deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 4,519 Series B shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively $ 4 $ 4
Common stock; $.001 par value; 200,000,000 shares authorized; 150,711,593 and 150,200,259 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 150,712 150,200
Additional paid-in capital 324,726,485 323,030,301
Accumulated deficit (369,965,774) (352,983,971)
Total Navidea stockholders' deficit (45,088,573) (29,803,466)
Noncontrolling interest 470,072 0
Total stockholders’ deficit (44,618,501) (29,803,466)
Total liabilities and stockholders’ deficit $ 22,198,589 $ 11,830,308