Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF OPERATIONS

v2.4.1.9
CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue $ 200,000us-gaap_Revenues $ 0us-gaap_Revenues
Operating expenses:    
Research and development 4,145,764us-gaap_ResearchAndDevelopmentExpense 929,213us-gaap_ResearchAndDevelopmentExpense
General and administrative 1,959,913us-gaap_GeneralAndAdministrativeExpense 669,289us-gaap_GeneralAndAdministrativeExpense
Marketing 1,025,923us-gaap_MarketingExpense 422,031us-gaap_MarketingExpense
Total operating expenses 7,131,600us-gaap_OperatingExpenses 2,020,533us-gaap_OperatingExpenses
Loss from operations (6,931,600)us-gaap_OperatingIncomeLoss (2,020,533)us-gaap_OperatingIncomeLoss
Other (expense) income:    
Change in fair value of derivative liabilities 0us-gaap_DerivativeGainLossOnDerivativeNet (27,991,000)us-gaap_DerivativeGainLossOnDerivativeNet
Interest income (expense), net 6,321us-gaap_InterestIncomeExpenseNet (998,190)us-gaap_InterestIncomeExpenseNet
Total 6,321us-gaap_NonoperatingIncomeExpense (28,989,190)us-gaap_NonoperatingIncomeExpense
Net loss $ (6,925,279)us-gaap_NetIncomeLoss $ (31,009,723)us-gaap_NetIncomeLoss
Basic and diluted net loss per common share $ (0.54)us-gaap_EarningsPerShareBasicAndDiluted $ (11.45)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding, basic and diluted 12,787,884us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 2,708,217us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted