Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Statements of Operations        
Grant revenue $ 650,488   $ 650,488  
Operating expenses:        
Research and development 2,501,753 $ 1,875,294 4,795,028 $ 3,598,606
General and administrative 1,636,772 1,016,058 4,285,865 1,776,817
Loss from operations (3,488,037) (2,891,352) (8,430,405) (5,375,423)
Other income (expense)        
Change in fair value of warrant liability, unit purchase option liability and investor rights obligation 90,754 197,552 43,651 (337,739)
Interest expense, net (126,877) (218,945) (277,420) (437,302)
Total other expenses (36,123) (21,393) (233,769) (775,041)
Net loss $ (3,524,160) $ (2,912,745) $ (8,664,174) $ (6,150,464)
Net loss per share of common stock, basic and diluted $ (0.41) $ (4.48) $ (1.00) $ (9.47)
Weighted average shares of Common Stock outstanding, basic and diluted 8,650,143 649,721 8,650,143 649,721