Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v3.7.0.1
BALANCE SHEETS - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 21,446,888 $ 31,258,637
Accounts receivable 252,000 149,500
Prepaid expenses and other current assets 647,370 1,374,585
Prepaid rent, current 80,784 80,784
Total current assets 22,427,042 32,863,506
Property and equipment, net 1,959,154 2,209,475
Prepaid rent, non-current 117,256 137,452
Other assets 48,507 48,507
Total assets 24,551,959 35,258,940
Current liabilities:    
Accounts payable 2,953,642 4,707,763
Accrued expenses 1,652,813 1,867,995
Deferred revenue 56,366 131,959
Total current liabilities 4,662,821 6,707,717
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at March 31, 2017 and December 31, 2016; no shares issued or outstanding 0 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at March 31, 2017 and December 31, 2016; 20,583,700 and 20,367,929 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively. 204 202
Additional paid-in capital 156,886,648 153,075,595
Accumulated deficit (136,997,714) (124,524,574)
Total stockholders’ equity 19,889,138 28,551,223
Total liabilities and stockholders’ equity $ 24,551,959 $ 35,258,940