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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 67,493,047 $ 27,293,798
Accounts receivable 98,736 56,694
Prepaid expenses and other assets 789,285 369,259
Total current assets 68,381,068 27,719,751
Property and equipment, net 2,690,579 840,387
Other assets 374,004 336,708
Total Assets 71,445,651 28,896,846
Current liabilities:    
Accounts payable 1,040,868 747,799
Accrued expenses 1,934,411 1,841,808
Current portion of long-term debt 5,225,818 1,898,548
Total current liabilities 8,201,097 4,488,155
Long-term debt, less current portion 11,246,188 13,053,117
Derivative financial instruments 3,297,077 3,006,021
Total liabilities $ 22,744,362 $ 20,547,293
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, 60,600 shares outstanding at each of December 31, 2015 and 2014, designated as Series A Convertible Preferred Stock with liquidation preference of $606,000 at each of December 31, 2015 and 2014 $ 60 $ 60
Common stock, $0.0001 par value, 150,000,000 shares authorized at December 31, 2015 and 2014; 29,737,601 and 18,915,793 issued and outstanding at December 31, 2015 and 2014, respectively 2,974 1,891
Additional paid-in capital 157,585,498 89,739,511
Accumulated deficit (108,887,243) (81,391,909)
Total stockholders’ equity 48,701,289 8,349,553
Total Liabilities and Stockholders’ Equity $ 71,445,651 $ 28,896,846