Quarterly report pursuant to Section 13 or 15(d)

Accrued expenses

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Accrued expenses
9 Months Ended
Sep. 30, 2016
Payables and Accruals [Abstract]  
Accrued expenses

7. Accrued expenses

The Company has recorded the following accrued expenses as of September 30, 2016 and December 31, 2015, respectively:

 

     September 30,
2016
     December 31,
2015
 

Accrued expenses

     

Accrued compensation expense

   $ 983,951       $ 704,597   

Accrued audit and tax fees

     394,414         179,223   

Accrued professional fees

     360,200         194,790   

Accrued R&D fees

     1,019,024         466,076   

Accrued other

     140,799         194,694   
  

 

 

    

 

 

 

Total amount of accrued expenses

   $ 2,898,388       $ 1,739,380