Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 22,945,443 $ 1,953,780
Prepaid expenses and other current assets 409,396 127,197
Total current assets 23,354,839 2,080,977
Property and equipment, net 489,760 189,612
Deferred offering costs 0 88,319
Other assets 6,959 6,959
Total assets 23,851,558 2,365,867
Current liabilities:    
Accounts payable 636,672 361,038
Accrued expenses 151,548 243,623
Convertible promissory notes, net 0 829,298
Derivative liabilities 0 6,277,000
Total current liabilities 788,220 7,710,959
Commitments and contingencies      
Stockholders’ equity (deficit)    
Preferred Stock, $0.00001 par value, 10,000,000 and 0 shares authorized at June 30, 2014 and December 31, 2013, respectively; no shares issued or outstanding. 0 0
Common Stock, $0.00001 par value, 50,000,000 and 40,000,000 shares authorized at June 30, 2014 and December 31, 2013, respectively; 9,488,872 and 2,708,217 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively. 94 27
Additional paid-in capital 59,336,714 197,249
Accumulated deficit (36,273,470) (5,542,368)
Total stockholders’ equity (deficit) 23,063,338 (5,345,092)
Total liabilities and stockholders’ equity (deficit) $ 23,851,558 $ 2,365,867