Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 6,706,802us-gaap_CashAndCashEquivalentsAtCarryingValue $ 5,533,366us-gaap_CashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 699,851us-gaap_PrepaidExpenseAndOtherAssetsCurrent 218,389us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total Current Assets 7,406,653us-gaap_AssetsCurrent 5,751,755us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation 127,700us-gaap_PropertyPlantAndEquipmentNet 13,920us-gaap_PropertyPlantAndEquipmentNet
Restricted cash 34,733us-gaap_RestrictedCashAndCashEquivalentsNoncurrent   
Total Assets 7,569,086us-gaap_Assets 5,765,675us-gaap_Assets
Current Liabilities:    
Accounts payable and accrued expenses 2,283,796us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 378,955us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Accounts payable and accrued expenses - related parties 214,357us-gaap_AccountsPayableRelatedPartiesCurrent 81,185us-gaap_AccountsPayableRelatedPartiesCurrent
Notes payable 283,552us-gaap_NotesPayableCurrent 157,825us-gaap_NotesPayableCurrent
Derivative liabilities 6,709,911us-gaap_DerivativeLiabilitiesCurrent 6,707,255us-gaap_DerivativeLiabilitiesCurrent
Total Current Liabilities 9,491,616us-gaap_LiabilitiesCurrent 7,325,220us-gaap_LiabilitiesCurrent
Total Liabilities 9,491,616us-gaap_Liabilities 7,325,220us-gaap_Liabilities
Commitments and contingencies      
Stockholders' Deficit:    
Preferred stock, $0.001 par value; 50,000,000 authorized, 0 shares issued and outstanding      
Common stock, $0.001 par value; 200,000,000 shares authorized; 29,971,839 and 24,565,447 shares issued and outstanding, respectively 29,972us-gaap_CommonStockValue 24,565us-gaap_CommonStockValue
Additional paid-in capital 89,252,262us-gaap_AdditionalPaidInCapital 64,933,145us-gaap_AdditionalPaidInCapital
Accumulated deficit (91,204,764)us-gaap_RetainedEarningsAccumulatedDeficit (66,517,255)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Deficit (1,922,530)us-gaap_StockholdersEquity (1,559,545)us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Deficit $ 7,569,086us-gaap_LiabilitiesAndStockholdersEquity $ 5,765,675us-gaap_LiabilitiesAndStockholdersEquity