Annual report pursuant to Section 13 and 15(d)

Balance Sheet

v3.8.0.1
Balance Sheet - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 8,899,154 $ 11,578,473
Marketable securities 17,931,941 8,737,107
Prepaid expenses and other current assets 1,304,541 608,517
Total Current Assets 28,135,636 20,924,097
Security Deposits 30,785 30,785
Equipment, Net 121,460 88,650
Total Assets 28,287,881 21,043,532
Current Liabilities:    
Accounts payable and accrued expenses 3,233,926 1,882,500
Deferred Research and Development Arrangement 375,000 450,000
Other Liabilities 56,724 79,204
Warrant Liabilities 7,853,635 1,573,366
Total Liabilities 11,519,285 3,985,070
Commitments and Contingencies (note 15)
Stockholders' Equity:    
Preferred stock, par value $0.0001, 10,000,000 authorized shares, none issued and outstanding
Common stock, par value $0.0001, 50,000,000 authorized shares, 31,725,114 and 23,736,878 issued and outstanding 3,173 2,374
Additional paid-in capital 157,141,021 132,086,419
Accumulated other comprehensive loss (56,886) (6,122)
Accumulated deficit (140,318,712) (115,024,209)
Total Stockholders' Equity 16,768,596 17,058,462
Total Liabilities and Stockholders' Equity $ 28,287,881 $ 21,043,532