Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.3.0.814
Condensed Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 5,499,507 $ 1,194,492
Restricted cash $ 4,055
Investments $ 5,745,024
Prepaid expenses and other current assets 100,694 $ 19,517
Total current assets 11,345,225 1,218,064
Property and equipment, net $ 205,978 4,631
Deferred offering costs 749,386
Other assets $ 20,493 1,100
Total assets 11,571,696 1,973,181
Current liabilities:    
Accounts payable 156,831 290,073
Accrued liabilities 153,477 305,401
Accrued payroll and other compensation 180,449 103,294
Total current liabilities 490,757 698,768
Note payable, net of debt discount of $304 and $451 as of September 30, 2015 and December 31, 2014, respectively 204,956 204,809
Total liabilities $ 695,713 $ 903,577
Commitments and contingencies
Stockholders'equity:    
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 32,320,891 shares as of September 30, 2015 and 12,915,343 as of December 31, 2014 $ 32,321 $ 12,915
Additional paid-in capital 18,028,039 5,507,616
Accumulated deficit (7,184,377) (4,456,327)
Total stockholders' equity 10,875,983 1,069,604
Total liabilities and stockholders' equity $ 11,571,696 $ 1,973,181
Series A Preferred Stock    
Stockholders'equity:    
Preferred Stock
Convertible Preferred Stock Series B    
Stockholders'equity:    
Preferred Stock $ 5,400