Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 20,508,268 $ 31,494,592
Prepaid expenses and other current assets 665,020 416,580
Prepaid rent, current 80,784 80,784
Total current assets 21,254,072 31,991,956
Property and equipment, net 1,613,910 1,515,299
Prepaid rent, non-current 258,628 299,020
Other assets 32,555 22,648
Total assets 23,159,165 33,828,923
Current liabilities:    
Accounts payable 817,341 1,716,011
Accrued expenses 1,044,669 792,349
Deferred revenue 75,000 0
Total current liabilities $ 1,937,010 $ 2,508,360
Commitments and contingencies    
Stockholders’ equity    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2015 and December 31, 2014; no shares issued or outstanding $ 0 $ 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at June 30, 2015 and December 31, 2014; 12,971,953 and 12,781,502 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively. 129 127
Additional paid-in capital 85,439,365 82,465,914
Accumulated deficit (64,217,339) (51,145,478)
Total stockholders’ equity 21,222,155 31,320,563
Total liabilities and stockholders’ equity $ 23,159,165 $ 33,828,923