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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net loss $ (9,497,311) $ (10,327,878)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,127,813 792,481
Non-cash interest 45,521 54,076
Deferred rent expense (9,227) 7,884
Change in operating assets and liabilities:    
Prepaid expenses and other assets (4,405) (349,915)
Accounts payable and accrued expenses 294,244 843,153
Net cash used in operating activities (8,043,365) (8,980,199)
Financing activities    
Payment on bank line of credit   (3,000,000)
Costs paid in connection with loan origination   (82,685)
Proceeds from issuance of common stock 4,626,373 42,875
Net cash provided by (used in) financing activities 4,626,373 (3,039,810)
Net increase (decrease) in cash and cash equivalents (3,416,992) (12,020,009)
Cash and cash equivalents at beginning of period 14,155,809 24,196,691
Cash and cash equivalents at end of period 10,738,817 12,176,682
Supplemental disclosure of cash flow information    
Interest paid $ 167,750 $ 58,790