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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net loss $ (7,995,039) $ (5,865,941)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 663,615 656,192
Amortization of debt (premium) discount 115,645  
Depreciation 10,113 2,112
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 201,436 9,066
Other assets (6,470) (30,875)
Accounts payable 659,529 (61,941)
Accrued expenses (285,253) 1,343,778
Net cash used in operating activities (6,636,424) (3,947,609)
Cash flows from investing activities    
Purchases of equipment (2,899) (10,651)
Net cash used in investing activities (2,899) (10,651)
Cash flows from financing activities    
Procceds from issuance of common stock, net 14,790,021  
Proceeds from exercise of options 201,163  
Proceeds from exercise of warrants 49,269  
Net cash provided by financing activities 15,040,453  
Net increase in cash 8,401,130 (3,958,260)
Cash at beginning of period 36,618,497 48,036,260
Cash at end of period $ 45,019,627 $ 44,078,000