Accrued Expenses and Other Current Liabilities

6 Months Ended

Jun. 30, 2016

Accrued Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

Note 5 — Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following for the periods indicated:

	June 30, 2016		December 31, 2015
Chief Executive Officer contributed services deemed payable	$	—	$	240,000
Bonus payable		130,900		124,583
Accrued professional fees		26,750		36,000
Accrued vacation		22,009		5,879
Other		7,526		8,389
Total accrued expenses and other current liabilities	$	187,185	$	414,851

Included in bonus payable as of June 30, 2016 is $57,150 related to an initial bonus payment to the Company's Chief Medical Office (CMO) under the terms of the employment agreement between the Company and the CMO. See Note 8 for further details regarding the CMO Employment Agreement.

In May 2016, the Company paid $364,583 of contingent compensation due to its Chief Executive Officer upon the successful completion of the Company’s IPO. This contingent compensation was accrued as of December 31, 2015 as the Company’s IPO closing was deemed probable.