Annual report pursuant to Section 13 and 15(d)

Balance Sheet

v3.3.1.900
Balance Sheet - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 10,199,440 $ 9,826,245
Marketable securities 13,240,086 22,872,051
Prepaid expenses and other current assets 1,221,818 730,987
Total Current Assets 24,661,344 33,429,283
Security Deposits 30,785 25,681
Equipment, Net 112,900 78,096
Total Assets 24,805,029 33,533,060
Current Liabilities:    
Accounts payable and accrued expenses 2,661,298 2,459,263
Deferred Research and Development Arrangement 525,000 600,000
Other Liabilities 104,020 124,955
Warrant Liabilities 2,739,163 3,768,351
Total Liabilities $ 6,029,481 $ 6,952,569
Commitments and Contingencies (note 14)
Stockholders' Equity:    
Preferred stock, par value $0.0001, 100,000,000 authorized shares, none issued and outstanding
Common stock, par value $0.0001, 500,000,000 authorized shares, 197,413,785 and 178,366,533 issued and 197,413,785 and 178,253,318 outstanding $ 19,741 $ 17,837
Additional paid-in capital 124,490,712 118,057,019
Accumulated other comprehensive loss (18,041) (33,647)
Accumulated deficit (105,716,864) (91,332,308)
Treasury stock, 0 and 113,215 shares, at cost   (128,410)
Total Stockholders' Equity 18,775,548 26,580,491
Total Liabilities and Stockholders' Equity $ 24,805,029 $ 33,533,060