Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 25,643,273 $ 6,706,802
Restricted cash - current 34,733
Prepaid expenses and other current assets 803,463 $ 699,851
Total Current Assets 26,481,469 7,406,653
Property and equipment, net of accumulated depreciation $ 106,112 127,700
Restricted cash 34,733
Total Assets $ 26,587,581 7,569,086
Current Liabilities:    
Accounts payable and accrued expenses 1,473,936 2,283,796
Accounts payable and accrued expenses - related parties 25,000 214,357
Notes payable 265,695 283,552
Derivative liabilities 2,848,902 6,709,911
Total Current Liabilities 4,613,533 9,491,616
Total Liabilities $ 4,613,533 $ 9,491,616
Commitments and contingencies
Stockholders' Equity (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; 44,066,541 and 29,971,839 shares issued and outstanding, respectively $ 44,067 $ 29,972
Additional paid-in capital 134,160,059 89,252,262
Accumulated deficit (112,230,078) (91,204,764)
Total Stockholders' Equity (Deficit) 21,974,048 (1,922,530)
Total Liabilities and Stockholders' Equity (Deficit) $ 26,587,581 $ 7,569,086