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Income Tax (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax [Abstract]  
Schedule of Components of Income Tax Expense

Years ended December 31,

2014 2013
 

Current expense:

           

Federal

  $     $  

State

           
             
 

Deferred expense (benefit):

               

Federal

  $     $  

State

           
                 

Total

  $     $  
Schedule of Income Tax Rate Reconciliation

Years ended December 31,

2014 2013
   

Federal income tax expense at statutory rate

  $ (4,162,691 )   $ (2,247,353 )

State and local income taxes, net of federal benefit

    (344,247 )     (186,475 )

Non-deductible expenses

    239,213       4,985  

Prior-period true-up

    (161,018 )     162,061

Research & development credit

    (454,031 )     (180,687 )

Change in tax rate

          32,774  

Stock based compensation

    135,008        

Increase in valuation allowance

    4,747,766       2,414,695  
    $     $  
Schedule of Deferred Tax Assets and Liabilities

December 31,

2014 2013
 

Deferred tax assets:

           

Net operating loss carryforward

  $ 8,141,857     $ 4,167,785  

Research & development credit

    961,445       424,739  

Other

    484,954       247,966  

Valuation allowance

    (9,588,256 )     (4,840,490 )
                 

Deferred income taxes

  $     $