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CONDENSED STATEMENT OF CHANGES IN COMMON STOCK, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS'' EQUITY (DEFICIT) - USD ($)
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2013 $ 267 $ 366,083 $ (801,203) $ (434,853)
Balance (in shares) at Dec. 31, 2013 2,666,666      
Increase Decrease In Stockholders Equity Roll Forward        
Stock-based compensation   164,156   164,156
Conversion of notes payable $ 21 524,979   525,000
Conversion of notes payable (in shares) 207,664      
Beneficial conversion feature on notes payable   614,557   614,557
Warrant, line of credit   114,300   114,300
Warrant, transfer agreement   37,840   37,840
Deemed dividends on Series A   (610,889)   (610,889)
Accretion of issuance costs   (35,784)   (35,784)
Net loss and comprehensive loss     (8,609,575) (8,609,575)
Balance at Dec. 31, 2014 $ 288 1,175,242 (9,410,778) (8,235,248) [1]
Balance (in shares) at Dec. 31, 2014 2,874,330      
Increase Decrease In Stockholders Equity Roll Forward        
Issuance of common stock in initial public offering, net of discounts and commissions of $1,209,802 and offering costs of $2,897,825 $ 286 15,912,374   15,912,660
Issuance of common stock in initial public offering, net of discounts and commissions (in shares) 2,860,000      
Conversion of preferred stock into common stock upon initial public offering $ 201 7,651,087   7,651,288
Conversion of preferred stock into common stock upon initial public offering (in shares) 2,010,596      
Conversion of preferred stock warrant liability into additional paid-in capital   1,150,985   1,150,985
Stock-based compensation   828,049   828,049
Conversion of notes payable $ 37 2,099,963   2,100,000
Conversion of notes payable (in shares) 374,997      
Beneficial conversion feature on notes payable   1,202,521   1,202,521
Deemed dividends on Series A   (263,060)   (263,060)
Accretion of issuance costs   (83,314)   (83,314)
Napo license fee abatement   250,000   250,000
Issuance of common stock upon exercise of stock options   12,650   12,650
Issuance of common stock upon exercise of stock options (in shares) 5,000      
Net loss and comprehensive loss     (12,160,729) (12,160,729)
Balance at Sep. 30, 2015 $ 812 $ 29,936,497 $ (21,571,507) $ 8,365,802
Balance (in shares) at Sep. 30, 2015 8,124,923      
[1] The condensed balance sheet at December 31, 2014 is derived from the audited financial statements at that date included in the Company’s prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4) on May 14, 2015.