Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash	$ 44,078,000	$ 48,036,260
Prepaid and other current assets	987,552	996,618
Total current assets	45,065,552	49,032,878
Equipment, net	25,192	16,653
Other assets	57,500	26,625
Total assets	45,148,244	49,076,156
Current liabilities:
Accounts payable	1,830,422	1,892,363
Accrued expenses	2,083,310	739,532
Total current liabilities	3,913,732	2,631,895
Stockholders’ equity:
Common stock, $0.0001 par value per share (150,000,000 shares authorized, 19,149,417 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively)	1,915	1,915
Additional paid-in capital	65,887,336	65,231,144
Accumulated deficit	(24,654,739)	(18,788,798)
Total stockholders’ equity	41,234,512	46,444,261
Total liabilities and stockholders’ equity	$ 45,148,244	$ 49,076,156

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).