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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net loss $ (19,872,715) $ (8,845,667)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,596,693 620,918
Amortization of debt discount   73,965
Amortization of debt issuance costs   7,757
Non-cash interest expense   542,397
Change in fair value of warrant and embedded derivative liabilities   (260,237)
Loss on extinguishment of debt   2,444,516
Depreciation 10,733 2,291
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 129,519 (218,464)
Other assets (32,500) (23,000)
Accounts payable 1,975,221 (14,134)
Accrued expenses 2,128,420 481,521
Net cash used in operating activities (14,064,629) (5,188,137)
Cash flows from investing activities    
Purchases of equipment (98,506) (16,083)
Net cash used in investing activities (98,506) (16,083)
Cash flows from financing activities    
Proceeds from issuance of convertible notes   7,382,468
Debt issuance costs   (12,489)
Deferred financing fees   (121,238)
Proceeds from exercise of options 14,679  
Payment of loan from related party   (41,469)
Net cash provided by financing activities 14,679 7,207,272
Net increase in cash (14,148,456) 2,003,052
Cash at beginning of period 48,036,260 2,617,815
Cash at end of period $ 33,887,804 4,620,867
Supplemental disclosures of non-cash financing activity:    
Deferred financing fees   $ 971,672