Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.6.0.2
BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 31,258,637 $ 29,872,564
Accounts receivable 149,500 0
Prepaid expenses and other current assets 1,374,585 722,249
Prepaid rent, current 80,784 80,784
Total current assets 32,863,506 30,675,597
Property and equipment, net 2,209,475 1,730,365
Prepaid rent, non-current 137,452 218,236
Other assets 48,507 51,330
Total assets 35,258,940 32,675,528
Current liabilities:    
Accounts payable 4,707,763 2,324,973
Accrued expenses 1,867,995 1,075,879
Deferred revenue 131,959 0
Total current liabilities 6,707,717 3,400,852
Commitments and contingencies
Stockholders’ equity:    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at December 31, 2016 and December 31, 2015; no shares issued or outstanding 0 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at December 31, 2016 and December 31, 2015; 20,367,929 and 16,298,208 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively. 202 161
Additional paid-in capital 153,075,595 107,981,695
Accumulated deficit (124,524,574) (78,707,180)
Total stockholders’ equity 28,551,223 29,274,676
Total liabilities and stockholders’ equity $ 35,258,940 $ 32,675,528