Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 29,872,564 $ 31,494,592
Prepaid expenses and other current assets 722,249 416,580
Prepaid rent, current 80,784 80,784
Total current assets 30,675,597 31,991,956
Property and equipment, net 1,730,365 1,515,299
Prepaid rent, non-current 218,236 299,020
Other assets 51,330 22,648
Total assets 32,675,528 33,828,923
Current liabilities:    
Accounts payable 2,324,973 1,716,011
Accrued expenses 1,075,879 792,349
Total current liabilities $ 3,400,852 $ 2,508,360
Commitments and contingencies
Stockholders’ equity    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at December 31, 2015 and 2014; no shares issued or outstanding $ 0 $ 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at December 31, 2015 and 2014; 16,298,208 and 12,781,502 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively. 161 127
Additional paid-in capital 107,981,695 82,465,914
Accumulated deficit (78,707,180) (51,145,478)
Total stockholders’ equity 29,274,676 31,320,563
Total liabilities and stockholders’ equity $ 32,675,528 $ 33,828,923