Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 14,191,312 $ 29,872,564
Accounts receivable 30,000 0
Prepaid expenses and other current assets 819,583 722,249
Prepaid rent, current 80,784 80,784
Total current assets 15,121,679 30,675,597
Property and equipment, net 1,681,525 1,730,365
Prepaid rent, non-current 177,844 218,236
Other assets 48,507 51,330
Total assets 17,029,555 32,675,528
Current liabilities:    
Accounts payable 3,256,255 2,324,973
Accrued expenses 1,231,372 1,075,879
Deferred revenue 211,818 0
Total current liabilities 4,699,445 3,400,852
Commitments and contingencies
Stockholders’ equity    
Preferred Stock, $0.00001 par value, 10,000,000 shares authorized at June 30, 2016 and December 31, 2015; no shares issued or outstanding 0 0
Common Stock, $0.00001 par value, 50,000,000 shares authorized at June 30, 2016 and December 31, 2015; 16,988,703 and 16,298,208 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively. 169 161
Additional paid-in capital 112,118,219 107,981,695
Accumulated deficit (99,788,278) (78,707,180)
Total stockholders’ equity 12,330,110 29,274,676
Total liabilities and stockholders’ equity $ 17,029,555 $ 32,675,528