Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 7,393,314 $ 1,194,492
Restricted cash 0 4,055
Investments 4,745,714 0
Prepaid expenses and other current assets 106,151 19,517
Total current assets 12,245,179 1,218,064
Property and equipment, net 209,435 4,631
Deferred offering costs 0 749,386
Other assets 17,712 1,100
Total assets 12,472,326 1,973,181
Current liabilities:    
Accounts payable 224,687 290,073
Accrued liabilities 101,295 305,401
Accrued payroll and other compensation 80,588 103,294
Total current liabilities 406,570 698,768
Note payable, net of debt discount of $353 and $451 as of June 30, 2015 and December 31, 2014, respectively 204,907 204,809
Total liabilities $ 611,477 $ 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 June 30, 2015 and 12,915,343 as of December 31, 2014 $ 32,321 $ 12,915
Additional paid-in capital 17,933,650 5,507,616
Accumulated deficit (6,105,122) (4,456,327)
Total stockholders’ equity 11,860,849 1,069,604
Total liabilities and stockholders’ equity 12,472,326 1,973,181
Series A Preferred Stock [Member]    
Stockholders’equity:    
Preferred Stock 0 0
Convertible Preferred Stock Series B [Member]    
Stockholders’equity:    
Preferred Stock $ 0 $ 5,400