Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v2.4.1.9
BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 31,494,592us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,953,780us-gaap_CashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 416,580us-gaap_PrepaidExpenseAndOtherAssetsCurrent 127,197us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Prepaid rent, current 80,784us-gaap_PrepaidRent 0us-gaap_PrepaidRent
Total current assets 31,991,956us-gaap_AssetsCurrent 2,080,977us-gaap_AssetsCurrent
Property and equipment, net 1,515,299us-gaap_PropertyPlantAndEquipmentNet 189,612us-gaap_PropertyPlantAndEquipmentNet
Prepaid rent, non-current 299,020us-gaap_PrepaidExpenseNoncurrent 0us-gaap_PrepaidExpenseNoncurrent
Deferred offering costs 0us-gaap_DeferredOfferingCosts 88,319us-gaap_DeferredOfferingCosts
Other assets 22,648us-gaap_OtherAssetsNoncurrent 6,959us-gaap_OtherAssetsNoncurrent
Total assets 33,828,923us-gaap_Assets 2,365,867us-gaap_Assets
Current liabilities:    
Accounts payable 1,716,011us-gaap_AccountsPayableCurrent 361,038us-gaap_AccountsPayableCurrent
Accrued expenses 792,349us-gaap_AccruedLiabilitiesCurrent 243,623us-gaap_AccruedLiabilitiesCurrent
Convertible promissory notes, net 0us-gaap_ConvertibleNotesPayableCurrent 829,298us-gaap_ConvertibleNotesPayableCurrent
Derivative liabilities 0us-gaap_DerivativeLiabilitiesCurrent 6,277,000us-gaap_DerivativeLiabilitiesCurrent
Total current liabilities 2,508,360us-gaap_LiabilitiesCurrent 7,710,959us-gaap_LiabilitiesCurrent
Commitments and contingencies      
Stockholders' equity (deficit)    
Preferred Stock, $0.00001 par value, 10,000,000 and 0 shares authorized at December 31, 2014 and December 31, 2013, respectively; no shares issued or outstanding. 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common Stock, $0.00001 par value, 50,000,000 and 40,000,000 shares authorized at December 31, 2014 and December 31, 2013, respectively; 12,781,502 and 2,708,217 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively. 127us-gaap_CommonStockValue 27us-gaap_CommonStockValue
Additional paid-in capital 82,465,914us-gaap_AdditionalPaidInCapitalCommonStock 197,249us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (51,145,478)us-gaap_RetainedEarningsAccumulatedDeficit (5,542,368)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity (deficit) 31,320,563us-gaap_StockholdersEquity (5,345,092)us-gaap_StockholdersEquity
Total liabilities and stockholders' equity (deficit) $ 33,828,923us-gaap_LiabilitiesAndStockholdersEquity $ 2,365,867us-gaap_LiabilitiesAndStockholdersEquity