Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 17,087,830 $ 20,519,294
Restricted cash - current 34,733
Prepaid expenses and other current assets 1,031,258 1,836,451
Total Current Assets 18,119,088 22,390,478
Property and equipment, net of accumulated depreciation 75,942 88,549
Security deposit 49,859 49,859
Total Assets 18,244,889 22,528,886
Current Liabilities:    
Accounts payable and accrued expenses 4,768,808 4,194,874
Accounts payable and accrued expenses - related parties 25,000 25,000
Derivative liabilities 576,034 300,683
Total Current Liabilities 5,369,842 4,520,557
Total Liabilities 5,369,842 4,520,557
Commitments and contingencies
Stockholders' Equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value; 200,000,000 shares authorized; 57,152,399 and 55,801,742 shares issued and outstanding, respectively 57,152 55,802
Additional paid-in capital 157,431,280 154,504,329
Accumulated deficit (144,613,385) (136,551,802)
Total Stockholders' Equity 12,875,047 18,008,329
Total Liabilities and Stockholders' Equity $ 18,244,889 $ 22,528,886