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Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,393,651 $ 3,075,502
Short-term investments – available for sale 8,689,630 10,075,058
Prepaid clinical trial costs 1,732,789 541,603
Prepaid expenses and other current assets 447,932 282,666
Total current assets 14,264,002 13,974,829
Deferred public offering and other financing costs 17,568 521,538
Deposits 39,341 39,341
Total assets 14,320,911 14,535,708
Current liabilities:    
Accounts payable 1,304,711 1,203,888
Other accrued liabilities 2,418,355 1,237,122
Accrued interest, current 59,333 34,894
Convertible notes payable, current (net of discount of $919,184 and $675,589 at June 30, 2017 and December 31, 2016, respectively) 3,050,427 3,269,582
Debt conversion feature liability, current 894,152 731,048
Total current liabilities 7,726,978 6,476,534
Deferred rent 6,054 16,307
Total long-term liabilities 6,054 16,307
Total liabilities 7,733,032 6,492,841
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized at June 30, 2017 and December 31, 2016; no shares issued and outstanding at June 30, 2017 and December 31, 2016
Common stock, $0.00001 par value: 300,000,000 shares authorized at June 30, 2017 and December 31, 2016; 27,697,284 and 20,823,873 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 277 208
Additional paid-in capital 77,264,402 68,326,818
Accumulated deficit (70,670,801) (60,277,267)
Accumulated other comprehensive loss (5,999) (6,892)
Total stockholders’ equity 6,587,879 8,042,867
Total liabilities and stockholders’ equity $ 14,320,911 $ 14,535,708