Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 29,355,528 $ 29,349,124
Accounts receivable 57,582  
Prepaid expenses and other current assets 3,259,503 2,311,385
Total current assets 32,672,613 31,660,509
Property and equipment, net 2,264,477 2,162,771
Other non-current assets 125,741 126,781
Total assets 35,062,831 33,950,061
Current liabilities:    
Accounts payable 2,386,183 1,058,536
Accrued expenses and other current liabilities 3,719,457 1,739,380
Deferred revenues, current portion 2,274,514  
Total current liabilities 8,380,154 2,797,916
Deferred revenue, net of current portion 1,409,483  
Other long-term liabilities 46,667 23,852
Total liabilities 9,836,304 2,821,768
Stockholders' equity:    
Preferred stock, $0.001 par value per share, 4,963 shares authorized and 4,963 and zero issued and outstanding at December 31, 2016 and December 31, 2015 5  
Common stock, $0.001 par value per share, 300,000,000 shares authorized and 43,058,827 and 39,833,023 issued and outstanding at December 31, 2016 and December 31, 2015 43,059 39,833
Additional paid-in capital 129,349,768 112,226,723
Accumulated other comprehensive loss (1,501,452) (1,272,574)
Accumulated deficit (102,664,853) (79,865,689)
Total stockholders' equity 25,226,527 31,128,293
Total liabilities and stockholders' equity $ 35,062,831 $ 33,950,061