Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 7,166,260 $ 5,479,006
Accounts and other receivables 3,703,186 894,490
Inventory, net 652,906 932,385
Prepaid expenses and other 1,054,822 1,293,264
Total current assets 12,577,174 8,599,145
Property and equipment 3,871,035 4,124,028
Less accumulated depreciation and amortization 1,943,427 1,614,320
Property and equipment, net 1,927,608 2,509,708
Patents and trademarks 233,596 219,558
Less accumulated amortization 47,438 38,725
Patents and trademarks, net 186,158 180,833
Investment in R-NAV, LLC   241,575
Other assets 273,573 299,047
Total assets 14,964,513 11,830,308
Current liabilities:    
Accounts payable 1,767,523 1,477,499
Accrued liabilities and other 3,038,713 3,234,120
Deferred revenue, current 1,044,281  
Notes payable, current, net of discounts of $0 and $863,813, respectively 333,333 4,348,678
Total current liabilities 6,183,850 9,060,297
Deferred revenue 192,728  
Notes payable, net of discounts of $2,033,506 and $1,585,882, respectively 60,746,002 29,484,057
Other liabilities 1,677,633 3,089,420
Total liabilities 68,800,213 41,633,774
Stockholders’ deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; 0 and 4,519 Series B shares issued and outstanding at December 31, 2015 and 2014, respectively   4
Common stock; $.001 par value; 200,000,000 shares authorized; 155,649,665 and 150,200,259 shares issued and outstanding at December 31, 2015 and 2014, respectively 155,650 150,200
Additional paid-in capital 326,085,743 323,030,301
Accumulated deficit (380,546,651) (352,983,971)
Total Navidea stockholders' deficit (54,305,258) (29,803,466)
Noncontrolling interest 469,558  
Total stockholders’ deficit (53,835,700) (29,803,466)
Total liabilities and stockholders’ deficit $ 14,964,513 $ 11,830,308