Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.3.1.900
Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 4,803,687 $ 1,194,492
Restricted cash $ 4,055
Investments $ 5,487,800
Prepaid expenses and other current assets 88,223 $ 19,517
Total current assets 10,379,710 1,218,064
Property and equipment, net $ 199,575 4,631
Deferred offering costs 749,386
Other assets $ 20,492 1,100
Total assets 10,599,777 1,973,181
Current liabilities:    
Accounts payable 209,730 290,073
Accrued liabilities 155,713 305,401
Accrued payroll and other compensation 217,250 103,294
Total current liabilities. 582,693 698,768
Note payable, net of debt discount of $255 and $451 as of December 31, 2015 and 2014, respectively 205,005 204,809
Total liabilities $ 787,698 $ 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 December 31, 2015 and 12,915,343 as of December 31, 2014 $ 32,321 $ 12,915
Additional paid-in capital 18,114,295 5,507,616
Accumulated deficit (8,334,537) (4,456,327)
Total stockholders' equity 9,812,079 1,069,604
Total liabilities and stockholders' equity $ 10,599,777 $ 1,973,181
Series A Preferred Stock    
Stockholders' equity:    
Preferred stock
Convertible Preferred Stock Series B    
Stockholders' equity:    
Preferred stock $ 5,400
Total stockholders' equity   $ 5,400