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STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net loss $ (7,226,048) $ (3,875,229)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 7,520 5,881
Stock-based compensation expense 263,063 160,510
Noncash interest on convertible notes payable   90,498
Change in fair value of warrant liability (1,191,514) (91,583)
Amortization of debt issuance costs 2,700  
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 1,331,593 (530,124)
Accounts payable and accrued expenses 191,955 738,566
Net cash used in operating activities (6,620,731) (3,501,481)
Cash flows from investing activities    
Purchases of property and equipment   (14,029)
Net cash used in investing activities   (14,029)
Cash flows from financing activities    
Proceeds from exercise of stock options 28,117 14,429
Proceeds from initial public offering, net of offering costs 41,671,360  
Proceeds from notes payable, net of issuance costs 1,989,200  
Proceeds from issuance of convertible preferred stock, net of issuance costs   7,531,849
Net cash provided by financing activities 43,688,677 7,546,278
Net increase in cash and cash equivalents 37,067,946 4,030,768
Cash and cash equivalents-beginning of period 10,037,123 8,633,775
Cash and cash equivalents-end of period 47,105,069 12,664,543
Supplemental disclosure of cash flow information    
Conversion of preferred stock to common stock 70,340,206  
Conversion of notes principal and accrued interest to preferred stock   2,761,019
Cash paid for interest 46,444  
Issuance of Series C Preferred Stock 500,000  
Accrued initial public offering costs $ 469,175