Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.8.0.1
Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 44,857,735 $ 12,795,254
Accounts receivable 25,000 0
Prepaid expenses and other current assets 654,289 1,026,310
Prepaid rent, current 80,784 80,784
Total current assets 45,617,808 13,902,348
Property and equipment, net 1,353,008 1,413,917
Prepaid rent, non-current 36,472 56,668
Other assets 32,512 32,512
Total assets 47,039,800 15,405,445
Current liabilities:    
Accounts payable 1,904,031 2,024,690
Accrued expenses 2,182,485 1,622,025
Total current liabilities 4,086,516 3,646,715
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at March 31, 2018 and December 31, 2017; no shares issued or outstanding
Common Stock, $0.00001 par value, 50,000,000 shares authorized at March 31, 2018 and December 31, 2017; 25,415,798 and 22,584,588 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively. 253 225
Additional paid-in capital 230,297,937 185,659,954
Accumulated deficit (187,344,906) (173,901,449)
Total stockholders’ equity 42,953,284 11,758,730
Total liabilities and stockholders’ equity $ 47,039,800 $ 15,405,445