Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 24,956,255 $ 29,872,564
Accounts receivable 625,000 0
Prepaid expenses and other current assets 1,206,533 722,249
Prepaid rent, current 80,784 80,784
Total current assets 26,868,572 30,675,597
Property and equipment, net 1,960,197 1,730,365
Prepaid rent, non-current 157,648 218,236
Other assets 48,507 51,330
Total assets 29,034,924 32,675,528
Current liabilities:    
Accounts payable 3,273,673 2,324,973
Accrued expenses 1,792,881 1,075,879
Deferred revenue 112,245 0
Total current liabilities 5,178,799 3,400,852
Commitments and contingencies
Stockholders’ equity    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at September 30, 2016 and December 31, 2015; no shares issued or outstanding 0 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at September 30, 2016 and December 31, 2015; 18,999,193 and 16,298,208 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively. 189 161
Additional paid-in capital 133,769,276 107,981,695
Accumulated deficit (109,913,340) (78,707,180)
Total stockholders’ equity 23,856,125 29,274,676
Total liabilities and stockholders’ equity $ 29,034,924 $ 32,675,528