Quarterly report pursuant to Section 13 or 15(d)

Common Stock

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Common Stock
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Common Stock

8.

COMMON STOCK

The Company has authorized 150,000,000 shares of common stock, $0.0001 par value per share, of which 37,605,134 shares and 25,938,332 shares were issued and outstanding as of September 30, 2015 and December 31, 2014, respectively.

During the nine months ended September 30, 2015, the Company issued 11,666,802 shares of common stock upon the exercise of stock options and warrants to purchase common stock and the Company received net proceeds of $10,819,714 from these exercises.