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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 11,437,118 $ 22,604,481
Supplies for clinical trials 1,186,186 1,158,632
Other assets 791,485 797,425
Total current assets 13,414,789 24,560,538
Property and equipment, net 109,823 180,922
Supplies for clinical trials 1,309,648 1,115,657
Deposits 1,955,514 4,176,280
Deferred financing costs 100,216 48,977
Total assets 16,889,990 30,082,374
Current liabilities:    
Accounts payable 1,342,126 1,161,258
Accrued compensation and benefits 1,109,864 790,487
Accrued liabilities 786,953 317,653
Total current liabilities 3,238,943 2,269,398
CIRM liability 6,945,741 4,133,905
Warrant Liability 573,560 1,958,775
Total liabilities 10,758,244 8,362,078
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Preferred stock $0.0001 par value, 1,000,000 shares authorized; 0 shares outstanding as of December 31, 2016 and December 31, 2015 0 0
Common stock, $0.0001 par value; 25,000,000 shares authorized as of December 31, 2016 and 2015 respectively; 3,444,859 and 2,257,718 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively 344 225
Additional paid-in capital 102,354,844 95,857,811
Accumulated deficit (96,223,442) (74,137,740)
Total shareholders’ equity 6,131,746 21,720,296
Total liabilities and shareholders’ equity $ 16,889,990 $ 30,082,374