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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net loss $ (2,160,394) $ (3,350,880)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Shares issued for services 0 44,463
Depreciation 72,589 96,982
Option expense 153,853 266,954
Changes in:    
Other current assets 98,565 75,491
Accounts payable (186,027) (61,033)
Accrued expenses 202,531 73,515
Deferred revenue (726,291) 2,622,548
Other long-term assets 0 9,735
Net cash used in operating activities (2,545,174) (222,225)
Cash flows from investing activities    
Purchase of property & equipment (485) (6,411)
Net cash used in investing activities (485) (6,411)
Cash flows from financing activities    
Note payable - insurance (55,144) 0
Payment of deferred offering costs (27,512) (104,857)
Net cash provided by financing activities (82,656) (104,857)
Net change in cash and cash equivalents (2,628,315) (333,493)
Cash and cash equivalents at beginning of period 12,583,764 9,906,373
Cash and cash equivalents at end of period 9,955,449 9,572,880
Cash paid for:    
Interest 1,371 747
Income taxes 0 0
NON-CASH TRANSACTIONS    
Unpaid offering costs $ 8,395 $ 511,031