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Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net loss $ (26,436,250) $ (9,232,470)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 14,300 7,730
Noncash stock bonus   80,000
Noncash stock based compensation 2,129,172 973,354
Noncash interest 417,501 138,723
Loss on extinguishment of debt 1,035,981  
Change in fair value of warrants (44,801) (278,564)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (530,543) (2,900,224)
Accounts payable and accrued expenses 3,004,762 2,220,392
Net cash used in operating activities (20,409,878) (8,991,059)
Cash flows from investing activities    
Acquisition of property and equipment (288,398) (42,348)
Net cash used in investing activities (288,398) (42,348)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 16,265,000  
Repayment of long-term debt (15,784,150)  
Proceeds from convertible bridge notes   3,000,000
Cash paid for debt financing costs (423,256) (150,000)
Proceeds from the issuance of common stock, net 19,330,613 49,743,641
Proceeds from exercise of stock options 532,241  
Net cash provided by financing activities 19,920,448 52,593,641
Net (decrease) increase in cash and cash equivalents (777,828) 43,560,234
Cash and cash equivalents, beginning of period 40,182,141 2,119,646
Cash and cash equivalents, end of period 39,404,313 45,679,880
Supplemental disclosure of noncash financing activities    
Fair value of common stock warrants issued 1,184,228  
Conversion of preferred stock into common stock   69,232,677
Conversion of notes payable and interest into common stock   3,020,667
Supplemental cash flow information    
Interest paid $ 1,098,261 $ 1,035,000