Accrued Compensation and Expenses

9 Months Ended

Sep. 30, 2015

Payables and Accruals [Abstract]

Accrued Compensation and Expenses

5. Accrued Compensation and Expenses

The following table provides a rollforward of the liability balance for severance obligations which was recorded as research and development expense in the Company’s Statement of Operations for the year ended December 31, 2014. The severance obligations were fully paid as of June 30, 2015.

	September 30, 2015
Balance - beginning	$	148,921
Accrual for severance		—
Severance payments made		(148,921)
Balance - ending	$	—

Accrued expenses consist of the following:

	September 30, 2015		December 31, 2014
Technology fees	$	450,000	$	450,000
Professional services		229,189		257,024
Sales taxes		122,901		34,206
Consulting fees		67,200		173,759
Personnel related obligations		64,543		37,761
Clinical study obligations		34,085		74,000
Federal excise tax		26,289		25,989
Other		138,656		212,137
	$	1,132,863	$	1,264,876