Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 5,006,773 $ 10,840,428
Prepaid expenses and other 108,055 84,493
Total current assets 5,114,828 10,924,921
Fixed Assets, net of accumulated depreciation 357,733 93,057
Other assets, including security deposit of $300,000 316,225 315,778
TOTAL ASSETS 5,788,786 11,333,756
Current liabilities    
Accounts payable 211,831 396,768
Accrued expenses 764,748 462,200
Lease liability - current 44,086 0
Total current liabilities 1,020,665 858,968
Lease liability - long term 22,455 0
Total liabilities 1,043,120 858,968
Stockholders' equity    
Common stock - $0.0001 par value, 150,000,000 shares authorized, 32,167,650 shares issued and outstanding at September 30, 2014 and 32,000,000 issued and outstanding at December 31, 2013 3,217 3,200
Additional paid-in capital 15,749,890 14,302,307
Accumulated Deficit (11,007,441) (3,830,719)
Total stockholders' equity 4,745,666 10,474,788
Total liabilities and stockholders' equity $ 5,788,786 $ 11,333,756