Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 11,370,420 $ 5,479,006
Accounts receivable, net 1,909,372 816,544
Inventory, net 877,183 932,385
Prepaid expenses and other 807,687 1,371,210
Total current assets 14,964,662 8,599,145
Property and equipment 3,862,440 4,124,028
Less accumulated depreciation and amortization 1,805,113 1,614,320
Property and equipment, net 2,057,327 2,509,708
Patents and trademarks 233,596 219,558
Less accumulated amortization 45,701 38,725
Patents and trademarks, net 187,895 180,833
Investment in R-NAV, LLC   241,575
Other assets 273,573 299,047
Total assets 17,483,457 11,830,308
Current liabilities:    
Accounts payable 1,298,879 1,477,499
Accrued liabilities and other 3,602,891 3,234,120
Deferred revenue, current 1,002,531  
Notes payable, current, net of discounts of $0 and $863,813, respectively 333,333 4,348,678
Total current liabilities 6,237,634 9,060,297
Deferred revenue 416,667  
Notes payable, net of discounts of $2,102,947 and $1,585,882, respectively 60,946,844 29,484,057
Other liabilities 1,701,939 3,089,420
Total liabilities $ 69,303,084 $ 41,633,774
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 0 and 4,519 Series B shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively   $ 4
Common stock; $.001 par value; 200,000,000 shares authorized; 150,703,485 and 150,200,259 shares issued and outstanding at September 30, 2015 and December 31, 2014,respectively $ 150,703 150,200
Additional paid-in capital 325,596,476 323,030,301
Accumulated deficit (378,036,538) (352,983,971)
Total Navidea stockholders' deficit (52,289,359) (29,803,466)
Noncontrolling interest 469,732  
Total stockholders’ deficit (51,819,627) (29,803,466)
Total liabilities and stockholders’ deficit $ 17,483,457 $ 11,830,308