Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 48,927,125 $ 14,992,257
Restricted cash 150,000 150,000
Grants receivable 1,000,000
Stock subscriptions receivable 330,413
Prepaid expenses 1,070,441 930,261
Total current assets 50,147,566 17,402,931
Restricted cash 50,000 50,000
Property and equipment, net 409,786 435,251
Total assets 50,607,352 17,888,182
Current liabilities:    
Notes payable 155,726 271,757
Accounts payable 3,266,729 3,419,921
Accrued expenses 2,874,118 3,256,455
Deferred revenue, current 646,498 1,940,195
Deferred rent, current 12,433 10,263
Total current liabilities 6,955,504 8,898,591
Deferred rent, noncurrent 62,182 65,724
Other liabilities 3,609 4,632
Total liabilities 7,021,295 8,968,947
Commitments and Contingencies
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2017 and December 31, 2016
Common stock, $0.0001 par value; 150,000,000 shares authorized, 50,143,742 and 44,681,745 shares issued and outstanding at March 31, 2017 and December 31, 2016 5,014 4,468
Additional paid-in capital 84,322,971 42,191,256
Accumulated deficit (40,741,928) (33,276,489)
Total stockholders' equity 43,586,057 8,919,235
Total liabilities and stockholders' equity $ 50,607,352 $ 17,888,182