XML 11 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets:      
Cash and cash equivalents $ 2,972,051 $ 4,084,085 $ 1,477,143
Grants receivable 0 757,562 84,344
Prepaid expenses 276,714 419,751 334,629
Other current assets 3,965 47,586 14,675
Total current assets 3,252,730 5,308,984 1,910,791
Property and equipment, net 515,522 135,486 57,053
Goodwill 6,826,003 6,826,003 6,826,003
Other long term assets 346,233 126,654 11,017
Total assets 10,940,488 12,397,127 8,804,864
Current liabilities:      
Accounts payable 2,161,127 3,002,497 1,313,247
Accrued compensation 482,528 562,755 230,381
Accrued clinical operations and site costs 491,157 391,041 494,110
Accrued lease contingency fee 590,504 590,504 590,504
License fee payable 225,000 225,000  
Other accrued expenses 412,373 186,566 245,421
Interest payable 50,500 0  
Current portion of notes payable 694,444 0  
Current portion of capital leases payable 16,303 0  
Warrant liability     92,463
Total current liabilities 5,123,936 4,958,363 2,966,126
Long-term liabilities:      
Long-term portion of notes payable, net 3,393,316    
Long-term portion of capital leases 76,799 0  
Other long-term liabilities 115,452 0  
Total long-term liabilities 3,585,567 0  
Commitments and contingencies:    
Redeemable convertible preferred stock:      
MabVax Therapeutics Holdings Series B redeemable convertible preferred stock, 1,250,000 shares authorized, none and 1,250,000 issued and outstanding as of December 31, 2015 and 2014, respectively, with a liquidation preference of $2,627,123 as of December 31, 2014     1,838,025
Total redeemable convertible preferred stock     1,838,025
Stockholders' equity:      
Common stock, $0.01 par value; 150,000,000 shares authorized, 4,160,509, 3,836,631, and 378,766 shares issued and outstanding as of June 30, 2016, December 31, 2015 and 2014. 41,605 38,366 3,787
Additional paid-in capital 70,981,837 67,999,928 24,516,692
Accumulated deficit (68,794,523) (60,601,778) (24,550,308)
Total stockholders' equity 2,230,985 7,438,764 4,000,713
Total liabilities and stockholders' equity 10,940,488 12,397,127 8,804,864
Series A-1 Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock     4,029,576
Series C Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock     $ 966
Series D Convertible Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock $ 1,733 1,915  
Series E Convertible Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock   $ 333