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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 37,994,449 $ 36,618,497
Prepaid and other current assets 842,597 1,380,560
Total current assets 38,837,046 37,999,057
Equipment, net 86,524 100,730
Other assets 119,291 112,821
Total assets 39,042,861 38,212,608
Current liabilities:    
Accounts payable 4,038,645 4,081,173
Accrued Liabilities, Current 2,276,750 2,820,377
Loan payable, current portion 1,895,795 269,162
Total current liabilities 8,211,190 7,170,712
Loan payable, long-term 8,077,063 9,470,445
Total liabilities 16,288,253 16,641,157
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share (10,000,000 shares authorized, none issued and outstanding at June 30, 2017 and December 31, 2016, respectively)
Common stock, $0.0001 par value per share (150,000,000 shares authorized, 23,608,084 and 19,158,417 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively) 2,361 1,916
Additional paid-in capital 85,473,053 69,210,986
Accumulated deficit (62,720,806) (47,641,451)
Total stockholders’ equity 22,754,608 21,571,451
Total liabilities and stockholders’ equity $ 39,042,861 $ 38,212,608