Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flow

v3.3.0.814
Condensed Consolidated Statements of Cash Flow - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (7,129,267) $ (7,176,723)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 32,658 51,495
Deferred rent 8,232 0
Share based compensation expense 1,165,550 1,446,600
Common stock issued in lieu of bonus 63,000 0
Changes in operating assets and liabilities    
Other assets (238) (4,591)
Grant receivable (34,166) 0
Prepaid expenses (221,986) (47,070)
Accrued expenses (254,850) 370,089
Lease liability (37,198) 0
Accounts payable (289,471) (184,937)
Net cash used in operating activities (6,697,736) (5,545,137)
Cash flows used by investing activities    
Capital expenditures (53,247) (288,518)
Cash acquired in business combination 70,754 0
Net cash provided by/(used in) investing activities 17,507 (288,518)
Cash flows from financing activities:    
Contingent consideration (61,945) 0
Proceeds from common stock issued for cash 10,000,000 0
Common stock issuance costs (1,485,781) 0
Net cash provided by financing activities 8,452,274 0
Net increase (decrease) in cash equivalents 1,772,045 (5,833,655)
Cash and cash equivalents at beginning of period 2,590,713 10,840,428
Cash and cash equivalents at end of period 4,362,758 5,006,773
Supplemental non-cash financing activities    
Capital lease for equipment purchase 0 111,095
Stock consideration for Aquarius merger $ 2,119,689 $ 0