|
Consolidated Statements of Cash Flow (USD $)
|
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2014
|
Dec. 31, 2013
|
|
| Cash flows from operating activities: | ||
| Net loss | $ (10,221,045)us-gaap_NetIncomeLoss | $ (3,713,127)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash used by operating activities: | ||
| Depreciation | 41,581us-gaap_Depreciation | 1,131us-gaap_Depreciation |
| Share based compensation | 1,974,153us-gaap_ShareBasedCompensation | 325,740us-gaap_ShareBasedCompensation |
| Changes in operating assets and liabilities | ||
| Other assets | (539)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (315,778)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Prepaid expenses | (29,932)us-gaap_IncreaseDecreaseInPrepaidExpense | (84,493)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Accrued expenses | 400,199us-gaap_IncreaseDecreaseInAccruedLiabilities | 462,250us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Accounts payable | (125,613)us-gaap_IncreaseDecreaseInAccountsPayable | 336,440us-gaap_IncreaseDecreaseInAccountsPayable |
| Net cash used in operating activities | (7,961,196)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (2,987,837)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows used by investing activities | ||
| Equipment purchases | (288,519)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (94,188)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Net cash used in investing activities | (288,519)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (94,188)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | ||
| Repayment of loans provided by founders | 0us-gaap_RepaymentsOfRelatedPartyDebt | (24,100)us-gaap_RepaymentsOfRelatedPartyDebt |
| Proceeds from redeemable convertible preferred stock issued for cash | 0us-gaap_ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock | 500,001us-gaap_ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock |
| Preferred stock issuance costs | 0mtnb_PaymentsOfPreferredStockIssuanceCosts | (4,140)mtnb_PaymentsOfPreferredStockIssuanceCosts |
| Proceeds from common stock issued for cash | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 15,000,000us-gaap_ProceedsFromIssuanceOfCommonStock |
| Common stock issuance costs | 0us-gaap_PaymentsOfStockIssuanceCosts | (2,378,672)us-gaap_PaymentsOfStockIssuanceCosts |
| Proceeds from formation of holding's common stock | 0us-gaap_ProceedsFromOtherEquity | 375,000us-gaap_ProceedsFromOtherEquity |
| Proceeds from formation warrants | 0us-gaap_ProceedsFromIssuanceOfWarrants | 10,000us-gaap_ProceedsFromIssuanceOfWarrants |
| Proceeds from private placement warrants | 0us-gaap_ProceedsFromIssuanceOfPrivatePlacement | 20,000us-gaap_ProceedsFromIssuanceOfPrivatePlacement |
| Net cash provided by financing activities | 0us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 13,498,089us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Net (decrease) increase in cash equivalents | (8,249,715)us-gaap_NetCashProvidedByUsedInContinuingOperations | 10,416,064us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash and cash equivalents at beginning of period | 10,840,428us-gaap_CashAndCashEquivalentsAtCarryingValue | 424,364us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 2,590,713us-gaap_CashAndCashEquivalentsAtCarryingValue | 10,840,428us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental non-cash financing activities | ||
| Issuance of shares in Matinas Holdings (July 11, 2013) | 0us-gaap_StockIssued1 | 953,389us-gaap_StockIssued1 |
| Issuance of private placement warrants as consideration for equity issuance costs | 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims | 1,252,111us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims |
| Issuance of stock for services to be rendered | 0mtnb_IssuanceOfStockForServicesToBeRendered | 470,000mtnb_IssuanceOfStockForServicesToBeRendered |
| Capital lease for equipment purchase | $ 111,095us-gaap_PaymentsToAcquireEquipmentOnLease | $ 0us-gaap_PaymentsToAcquireEquipmentOnLease |
| X | ||||||||||
|
- Definition
Issue of shares for services to be rendered. No definition available.
|
| X | ||||||||||
|
- Definition
The cash outflow for cost incurred directly with the issuance of an Preferred stock. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for payments to acquire rented equipment which is recorded as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from issuance of callable preferred stock which is identified as being convertible to another type of financial security at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from other equity not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value of stock issued in noncash financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|