Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 15,819,566 $ 2,747,248
Prepaid expenses 189,136 57,115
Total current assets 16,008,702 2,804,363
Other assets $ 10,326 10,331
Deferred offering costs 143,454
Property and equipment, net $ 20,688 5,172
Total Assets 16,039,716 2,963,320
Current liabilities    
Accounts payable 739,357 1,083,597
Accrued expenses 614,141 168,635
Other liabilities 1,223 2,518
Total current liabilities $ 1,354,721 1,254,750
Preferred stock subject to redemption, $0.001 par value; 0 shares authorized, issued and outstanding as of December 31, 2015; 16,378,646 shares authorized, 13,399,668 shares issued and outstanding as of December 31, 2014 16,203,612
Stockholders’ equity (deficit)    
Preferred stock, $0.001 par value; 5,000,000 and 8,887,500 shares authorized as of December 31, 2015 and December 31, 2014, respectively; 0 shares and 8,887,500 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively 8,888
Common stock, $0.001 par value; 25,000,000 and 50,000,000 shares authorized as of December 31, 2015 and December 31, 2014, respectively; 8,582,004 and 465,384 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively $ 8,582 465
Additional paid-in capital 41,759,355 3,399,924
Accumulated deficit (27,082,942) (17,904,319)
Total stockholders’ equity (deficit) 14,684,995 (14,495,042)
Total Liabilities and Stockholders’ Equity (Deficit) $ 16,039,716 $ 2,963,320