Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 8,558,105 $ 10,840,428
Prepaid expenses and other current assets 87,630 84,493
Total current assets 8,645,736 10,924,921
Property, plant and equipment, net 364,854 93,057
Other long term assets 315,986 315,778
Total assets 9,326,576 11,333,756
Current liabilities    
Accounts payable 242,326 396,768
Accrued expenses 386,481 462,200
Lease liability - current 44,543 0
Total current liabilities 673,350 858,968
Lease liability - long term 43,636 0
Total liabilities 716,986 858,968
Stockholders’ equity    
Preferred stock - $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding at March 31,2014 and December 31, 2013 0 0
Common stock - $0.001 par value, 150,000,000 shares authorized, 32,000,000 shares issued and outstanding at March 31, 2014 and December 31, 2013 3,200 3,200
Additional paid-in capital 14,576,131 14,302,307
Deficit accumulated during development stage (5,969,742) (3,830,719)
Total stockholders’ equity 8,609,590 10,474,788
Total liabilities and stockholders’ equity $ 9,326,576 $ 11,333,756