CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 32,133,048	$ 41,513,060
Incentive and tax receivables	1,692,315	356,718
Prepaid expenses and other current assets	1,768,994	1,545,917
Total current assets	35,594,357	43,415,695
Property and equipment, net	209,287	227,646
Other assets	200	200
Total assets	35,803,844	43,643,541
Current Liabilities:
Accounts payable	2,681,122	823,401
Accrued expenses	1,517,048	2,272,991
Deferred grant revenue	833,975	841,225
Total current liabilities	5,032,145	3,937,617
Stockholders' equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 200,000,000 shares authorized; 9,199,919 shares issued and outstanding at June 30, 2016 and December 31, 2015	9,200	9,200
Additional paid-in capital	63,853,317	62,276,779
Accumulated deficit	(33,090,818)	(22,580,055)
Total stockholders' equity	30,771,699	39,705,924
Total liabilities and stockholders' equity	$ 35,803,844	$ 43,643,541

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).