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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;b&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2"&gt;1. Organization and Basis of Presentation&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;Stemline Therapeutics, Inc. (the &amp;#8220;Company&amp;#8221;) is a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing proprietary therapeutics that target both cancer stem cells, (&amp;#8220;CSCs&amp;#8221;), and tumor bulk. The Company&amp;#8217;s activities to date have primarily consisted of advancing its two clinical stage programs, expanding and strengthening its intellectual property portfolio, developing its proprietary drug discovery platform, identifying and acquiring additional product and technology rights and raising capital. Accordingly, the Company is considered to be in the development stage as defined in Financial Accounting Standards Board Accounting Standards Codification (&amp;#8220;ASC&amp;#8221;) Topic 915, &lt;i&gt;Development Stage Entities&lt;/i&gt;. The Company was incorporated in Delaware on August 8, 2003 (Inception) and has its principal office in New York, New York.&lt;/font&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;The accompanying unaudited financial statements have been prepared in accordance with United States generally accepted accounting principles (&amp;#8220;GAAP&amp;#8221;) and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments (including normal recurring accruals) considered necessary for fair presentation of the Company&amp;#8217;s consolidated financial position, results of operations and cash flows for the periods presented. Operating results for the current interim period are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2013&lt;/font&gt; &lt;font style="FONT-SIZE: 10pt;" size="2"&gt;or any future periods&lt;/font&gt;&lt;font style="FONT-SIZE: 10pt;" size="2"&gt;.&amp;#160; This Form 10-Q should be read in conjunction with the audited financial statements and accompanying notes in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2012 (&amp;#8220;2012 Form 10-K&amp;#8221;).&lt;/font&gt; &lt;font style="FONT-SIZE: 10pt;" size="2"&gt;&amp;#160;&amp;#160;The Company believes that its existing cash, cash equivalents and marketable securities will be sufficient to cover its cash flow requirements for at least several years.&lt;/font&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;b&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2"&gt;Initial Public Offering&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;On January 31, 2013 the Company completed its initial public offering (the&amp;#8221;IPO&amp;#8221;), selling 3,317,644 shares at an offering price of $10.00 per share. On January 29, 2013, the underwriters exercised in full their over-allotment option to purchase an additional 497,647 shares at an offering price of $10.00 per share. Aggregate gross proceeds from the IPO, including the exercise of the over-allotment option, were $38.2 million and net proceeds received after underwriting fees and offering expenses were approximately $32.3 million. Additionally, upon the closing of the IPO, certain transactions were triggered based on a successful completion of an IPO.&amp;#160; Convertible debt of $1.4 million principal, plus accrued interest thereon, was converted into 166,769 shares of common stock. The Company recorded approximately $1.5 million of compensation expense related to certain bonuses and salary increases payable upon continued employment and the occurrence of a specified financing, including the consummation of an initial public offering. Finally, the Company recorded one-time compensation expense of approximately $1.4 million for certain options and restricted stock that fully vested upon the closing of the IPO.&lt;/font&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;On May 16, 2013 the Company completed a follow-on public offering (the &amp;#8220;Secondary Offering&amp;#8221;), selling 4,137,931 shares at an offering price of $14.50 per share. On May 22, 2013, the underwriters exercised in full their over-allotment option to purchase an additional 620,689 shares at an offering price of $14.50 per share. Aggregate gross proceeds from the Secondary, including the exercise of the over-allotment option, were $69.0 million and net proceeds received after underwriting fees and offering expenses were approximately $64.5 million.&lt;/font&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;b&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2"&gt;Recently Adopted Accounting Policy&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
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&lt;p style="MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;In May 2011, the Financial Accounting Standards Board issued guidance that changed the requirement for presenting &amp;#8220;Comprehensive Income&amp;#8221; in the financial statements.&amp;#160; The update requires an entity to present the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements.&amp;#160; The Company adopted this pronouncement and elected to present a separate statement of comprehensive income.&amp;#160; The Company did not incur any components of comprehensive income for the periods presented and therefore did not include a statement of comprehensive income in the financial statements.&lt;/font&gt;&lt;/p&gt;
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