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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net loss $ (5,865,941) $ (2,140,134)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 656,192 74,760
Amortization of debt discount   16,066
Amortization of debt issuance costs   1,806
Non-cash interest expense   111,015
Change in fair value of warrant and embedded derivative liabilities   78,230
Depreciation 2,112 304
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 9,066 64,724
Other assets (30,875)  
Accounts payable (61,941) 483,669
Accrued expenses 1,343,778 150,709
Net cash used in operating activities (3,947,609) (1,158,851)
Cash flows from investing activities    
Purchases of equipment (10,651) (10,256)
Net cash used in investing activities (10,651) (10,256)
Cash flows from financing activities    
Proceeds from issuance of convertible notes   255,000
Deferred financing fees   (13,275)
Net cash provided by financing activities   241,725
Net increase in cash (3,958,260) (927,382)
Cash at beginning of period 48,036,260 2,617,815
Cash at end of period $ 44,078,000 1,690,433
Supplemental disclosures of non-cash financing activity:    
Deferred financing fees   $ 19,489