Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,510,189 $ 31,494,592
Accounts receivable 2,000,000 0
Prepaid expenses and other current assets 568,818 416,580
Prepaid rent, current 80,784 80,784
Total current assets 18,159,791 31,991,956
Property and equipment, net 1,630,416 1,515,299
Prepaid rent, non-current 238,432 299,020
Other assets 38,931 22,648
Total assets 20,067,570 33,828,923
Current liabilities:    
Accounts payable 1,774,602 1,716,011
Accrued expenses 987,294 792,349
Total current liabilities $ 2,761,896 $ 2,508,360
Commitments and contingencies
Stockholders’ equity    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at September 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 September 30, 2015 and December 31, 2014; 13,154,948 and 12,781,502 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively. 131 127
Additional paid-in capital 87,128,543 82,465,914
Accumulated deficit (69,823,000) (51,145,478)
Total stockholders’ equity 17,305,674 31,320,563
Total liabilities and stockholders’ equity $ 20,067,570 $ 33,828,923