Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 9,687,805 $ 12,338,275
Prepaid expenses 474,560 376,515
Total current assets 10,162,365 12,714,790
Restricted cash 36,375 36,375
Property and equipment, net 296,534 124,138
Total assets 10,495,274 12,875,303
Current liabilities:    
Notes payable 92,958 162,019
Accounts payable 1,230,449 1,314,377
Accrued expenses 1,297,988 562,279
Deferred revenue, current 1,455,020 1,591,358
Total current liabilities 4,076,415 3,630,033
Deferred revenue, noncurrent   260,260
Other long-term liabilities 14,852  
Total liabilities $ 4,091,267 $ 3,890,293
Commitments and Contingencies
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2016 and December 31, 2015
Common stock, $0.0001 par value; 150,000,000 shares authorized, 37,605,827 and 37,605,134 shares issued and outstanding at March 31, 2016 and December 31, 2015 $ 3,761 $ 3,761
Additional paid-in capital 22,570,301 22,259,063
Accumulated deficit (16,170,055) (13,277,814)
Total stockholders’ equity 6,404,007 8,985,010
Total liabilities and stockholders’ equity $ 10,495,274 $ 12,875,303