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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 22,604,481 $ 23,222,296
Supplies for clinical trials 1,158,632 0
Other assets 797,425 1,219,873
Total current assets 24,560,538 24,442,169
Property and equipment, net 180,922 47,365
Supplies for clinical trials 1,115,657 227,097
Deposits 4,176,280 356,367
Deferred financing costs (48,977) (105,563)
Total assets 30,082,374 25,178,561
Current liabilities:    
Accounts payable 1,161,258 322,002
Accrued compensation and benefits 790,487 334,527
Accrued liabilities 317,653 632,670
Total current liabilities 2,269,398 1,289,199
CIRM liability 4,133,905 0
Warrant Liability 1,958,775 597,719
Total liabilities $ 8,362,078 $ 1,886,918
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common stock, $0.0001 par value; 249,000,000 and 149,000,000 shares authorized as of December 31, 2015 and 2014 respectively; 90,310,149 and 63,604,823 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively $ 9,031 $ 6,360
Additional paid-in capital 95,849,005 84,632,209
Accumulated deficit (74,137,740) (61,346,926)
Total shareholders’ equity 21,720,296 23,291,643
Total liabilities and shareholders’ equity $ 30,082,374 $ 25,178,561