Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.7.0.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 4,633,845 $ 3,257,458
Investments 3,097,846 5,428,962
Subscription receivable 522,326
Prepaid expenses and other current assets 173,512 110,822
Total current assets 7,905,203 9,319,568
Property and equipment, net 198,964 230,512
Deferred offering costs 35,154
Other assets 38,285 36,810
Total assets 8,177,606 9,586,890
Current liabilities:    
Accounts payable 757,010 103,294
Accrued liabilities 81,853 132,780
Accrued payroll and other compensation 161,332 447,641
Note payable, net of debt discount of $0 and $59 as of June 30, 2017 and December 31, 2016, respectively 102,630 205,201
Total liabilities 1,102,825 888,916
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, Authorized 5,000,000 shares; No shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value, Authorized 75,000,000 shares; Issued and outstanding 35,857,701 shares as of June 30, 2017 and 34,807,881 as of December 31, 2016 35,858 34,808
Additional paid-in capital 25,587,108 23,072,702
Accumulated deficit (18,548,185) (14,409,536)
Total stockholders' equity 7,074,781 8,697,974
Total liabilities and stockholders' equity $ 8,177,606 $ 9,586,890