Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.6.0.2
Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 5,127,958 $ 21,161,967
Grants receivable 132,472 0
Prepaid expenses and other current assets 391,253 401,550
Restricted cash—current portion 11,111 58,832
Total current assets 5,662,794 21,622,349
Restricted cash, net of current portion 62,828 0
Property and equipment, net 43,243 35,216
Total assets 5,768,865 21,657,565
Current liabilities:    
Current portion of long term debt, net of discount 2,353,667 3,208,074
Accounts payable 1,010,209 678,109
Accrued expenses and other current liabilities 942,435 1,885,458
Warrant liability 5,501 27,606
Unit purchase option liability 51 50,571
Total current liabilities 4,311,863 5,849,818
Long term debt, net of current portion and discount 0 2,353,482
Other long term liabilities 1,250,000 370,538
Total liabilities 5,561,863 8,573,838
Stockholders’ equity (deficit):    
Preferred stock—$0.001 par value; 5,000,000 and zero shares authorized at December 31, 2016 and 2015, respectively; zero shares issued and outstanding at December 31, 2016 and 2015 0 0
Common stock—$0.001 par value; 200,000,000 shares authorized at December 31, 2016 and 2015; 9,434,141 and 8,650,143 shares issued and outstanding at December 31, 2016 and 2015, respectively 9,434 8,650
Additional paid-in capital 70,232,651 66,638,557
Accumulated deficit (70,035,083) (53,563,480)
Total stockholders’ equity 207,002 13,083,727
Total liabilities and stockholders’ equity $ 5,768,865 $ 21,657,565