Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Balance Sheets

v3.3.1.900
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash $ 3,226,997 $ 2,590,713
Restricted cash - current 100,326 100,000
Prepaid expenses 231,797 114,425
Total current assets 3,559,120 2,805,138
Equipment - net 377,723 339,995
In-process research and development 3,017,377 0
Goodwill 1,336,488 0
Other assets including long term security deposit 115,370 216,317
TOTAL ASSETS 8,406,078 3,361,450
CURRENT LIABILITIES    
Accounts payable 497,842 271,155
Accrued expenses 610,206 802,746
Deferred rent liability 9,225 0
Lease liability 11,261 44,362
Total current liabilities 1,128,534 1,118,263
LONG TERM LIABILITIES    
Deferred tax liability 1,205,141 0
Lease liability - long term 0 15,291
TOTAL LIABILITIES $ 2,333,675 $ 1,133,554
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Common stock par value $ 0.0001, 250,000,000 and 150,000,000 shares authorized, at December 31, 2015 and 2014, respectively; 57,180,148 issued and outstanding as of December 31, 2015; 32,292,650 issued and outstanding as of December 31, 2014 $ 5,719 $ 3,230
Additional paid in capital 29,253,848 16,276,430
Accumulated deficit (23,187,164) (14,051,764)
Total stockholders' equity 6,072,403 2,227,896
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,406,078 $ 3,361,450