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BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 5,742,764 $ 9,330,681
Deferred offering costs 1,950,921 1,080,199
Prepaid expenses 1,681,097 1,183,949
Total current assets 9,374,782 11,594,829
Property and equipment, net 103,908 19,642
Other assets 2,200 2,200
Total assets 9,480,890 11,616,671
Current Liabilities:    
Accounts payable 1,775,466 313,937
Accrued expenses 1,262,726 1,711,473
Deferred grant revenue 1,089,907 1,120,125
Total current liabilities $ 4,128,099 $ 3,145,535
Commitments and contingencies    
Series 1 convertible preferred stock; $0,001 par value; 7,807,502 shares authorized; 6,964,053 shares issued and outstanding at June 30, 2015, and December 31, 2014, (liquidation preference of $14,763,792 at June 30, 2015) $ 16,522,811 $ 16,522,811
Stockholders' equity (deficit):    
Common stock; $0,001 par value; 50,000,000 shares authorized; 2,029,747 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 2,030 2,030
Additional paid-in capital 1,975,000 1,975,000
Accumulated deficit (13,147,050) (10,028,705)
Total stockholders' equity (deficit) (11,170,020) (8,051,675)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 9,480,890 $ 11,616,671