Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net loss $ (4,564,895) $ (455,447)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 19,931 3,577
Share-based compensation 547,589 0
Changes in operating assets and liabilities:    
Other Assets (4,471) 0
Prepaid expense 19,827 (49,024)
Other liabilities 162,520 43,368
Accounts payable (115,678) 22,911
Net cash used in operating activities (3,935,177) (434,615)
Investing Activities    
Purchase of property, equipment (257,772) 0
Net cash used in investing activities (257,772) 0
Financing Activities    
Payment of loans provided by founders 0 (24,100)
Proceeds from redeemable convertible preferred stock issued for cash 0 500,001
Preferred Stock issuance costs 0 (4,140)
Net cash provided by financing activities 0 471,761
Net change in cash and cash equivalents (4,192,949) 37,146
Cash and cash equivalents    
Beginning of period 10,840,428 424,364
End of period $ 6,647,479 $ 461,510