XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 45,019,627 $ 36,618,497
Prepaid and other current assets 1,179,124 1,380,560
Total current assets 46,198,751 37,999,057
Equipment, net 93,516 100,730
Other assets 119,291 112,821
Total assets 46,411,558 38,212,608
Current liabilities:    
Accounts payable 4,740,702 4,081,173
Accrued Liabilities, Current 2,535,124 2,820,377
Loan payable, current portion 1,079,924 269,162
Total current liabilities 8,355,750 7,170,712
Loan payable, long-term 8,775,328 9,470,445
Total liabilities 17,131,078 16,641,157
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share (10,000,000 shares authorized, none issued and outstanding at Marchr 31, 2017 and December 31, 2016, respectively)
Common stock, $0.0001 par value per share (150,000,000 shares authorized, 23,543,667 and 19,158,417 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively) 2,354 1,916
Additional paid-in capital 84,914,616 69,210,986
Accumulated deficit (55,636,490) (47,641,451)
Total stockholders’ equity 29,280,480 21,571,451
Total liabilities and stockholders’ equity $ 46,411,558 $ 38,212,608