Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 6,647,479 $ 10,840,428
Prepaid expenses and other current assets 38,065 84,493
Total current assets 6,685,544 10,924,921
Property, plant and equipment, net 361,645 93,057
Other long term assets 316,105 315,778
Total assets 7,363,294 11,333,756
Current liabilities    
Accounts payable 281,090 396,768
Accrued expenses 547,326 462,200
Lease liability - current 43,815 0
Total current liabilities 872,231 858,968
Lease liability - long term 33,580 0
Total liabilities 905,811 858,968
Stockholders’ equity    
Preferred stock - $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding at June 30, 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 June 30, 2014 and December 31, 2013 3,200 3,200
Additional paid-in capital 14,849,896 14,302,307
Deficit accumulated during development stage (8,395,613) (3,830,719)
Total stockholders’ equity 6,457,483 10,474,788
Total liabilities and stockholders’ equity $ 7,363,294 $ 11,333,756