Annual report pursuant to Section 13 and 15(d)

Balance Sheet

v3.6.0.2
Balance Sheet - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 11,578,473 $ 10,199,440
Marketable securities 8,737,107 13,240,086
Prepaid expenses and other current assets 608,517 1,221,818
Total Current Assets 20,924,097 24,661,344
Security Deposits 30,785 30,785
Equipment, Net 88,650 112,900
Total Assets 21,043,532 24,805,029
Current Liabilities:    
Accounts payable and accrued expenses 1,882,500 2,661,298
Deferred Research and Development Arrangement 450,000 525,000
Other Liabilities 79,204 104,020
Warrant Liabilities 1,573,366 2,739,163
Total Liabilities 3,985,070 6,029,481
Commitments and Contingencies (note 15)
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, 237,368,785 and 197,413,785 issued and outstanding 23,737 19,741
Additional paid-in capital 132,065,056 124,490,712
Accumulated other comprehensive loss (6,122) (18,041)
Accumulated deficit (115,024,209) (105,716,864)
Total Stockholders' Equity 17,058,462 18,775,548
Total Liabilities and Stockholders' Equity $ 21,043,532 $ 24,805,029