Accrued Expenses and Other Current Liabilities

9 Months Ended

Sep. 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:

	September 30,		December 31,
	2016		2015
Chief Executive Officer contributed services deemed payable	$	—	$	240,000
Accrued bonus payable		173,256		124,583
Accrued vacation		21,571		5,879
Accrued professional fees		—		36,000
Accrued consulting fee		37,500		—
Other		25		8,389
Total accrued expenses and other current liabilities	$	232,352	$	414,851

Included in accrued consulting fee is $37,500 related to the initial payment for past services under a consulting agreement with Michael J. Glennon, Vice Chairman and member of the Board of Directors. See Note 7, Related Party Transactions, for further details regarding the consulting agreement with Mr. Glennon.

In May 2016, the Company paid $364,583 of aggregate accrued compensation due to its Chief Executive Officer (“CEO”) upon the successful completion of the Company’s IPO. The salary and bonus compensation was accrued as of December 31, 2015 as the Company’s IPO closing was deemed probable. See Note 8, Commitments and Contingencies, for further details regarding the compensation paid to the CEO.