Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 13,084,360 $ 31,258,637
Accounts receivable 250,500 149,500
Prepaid expenses and other current assets 819,300 1,374,585
Prepaid rent, current 80,784 80,784
Total current assets 14,234,944 32,863,506
Property and equipment, net 1,944,157 2,209,475
Prepaid rent, non-current 97,060 137,452
Other assets 38,888 48,507
Total assets 16,315,049 35,258,940
Current liabilities:    
Accounts payable 2,377,871 4,707,763
Accrued expenses 1,645,696 1,867,995
Deferred revenue 29,136 131,959
Total current liabilities 4,052,703 6,707,717
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2017 and December 31, 2016; no shares issued or outstanding 0 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at June 30, 2017 and December 31, 2016; 20,862,152 and 20,367,929 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively. 207 202
Additional paid-in capital 162,178,863 153,075,595
Accumulated deficit (149,916,724) (124,524,574)
Total stockholders’ equity 12,262,346 28,551,223
Total liabilities and stockholders’ equity $ 16,315,049 $ 35,258,940