Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.5.0.2
Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 8,815,177 $ 21,161,967
Grants receivable 379,256  
Prepaid expenses and other current assets 210,023 401,550
Restricted cash, current portion 87,882 58,832
Total current assets 9,492,338 21,622,349
Property and equipment, net 40,393 35,216
Restricted cash, net of current portion 50,001  
Total assets 9,582,732 21,657,565
Current liabilities:    
Current portion of long term debt, net of discount 3,189,793 3,208,074
Accounts payable 809,151 678,109
Accrued expenses and other current liabilities 3,361,189 1,885,458
Warrant liability 44,992 27,606
Unit purchase option liability 90,780 50,571
Total current liabilities 7,495,905 5,849,818
Long term debt, net of current portion and discount   2,353,482
Other long term liabilities 1,500,000 370,538
Total liabilities 8,995,905 8,573,838
Stockholders? equity:    
Preferred stock?$0.001 par value; 5,000,000 shares authorized at September 30, 2016 and December 31, 2015; zero shares issued and outstanding at September 30, 2016 and December 31, 2015
Common stock?$0.001 par value; 200,000,000 shares authorized at September 30, 2016 and December 31, 2015; 9,075,143 and 8,650,143 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 9,075 8,650
Additional paid-in capital 68,974,131 66,638,557
Accumulated deficit (68,396,379) (53,563,480)
Total stockholders' equity 586,827 13,083,727
Total liabilities and stockholders' equity $ 9,582,732 $ 21,657,565