Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v2.4.1.9
Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 19,284,956us-gaap_CashAndCashEquivalentsAtCarryingValue $ 6,706,802us-gaap_CashAndCashEquivalentsAtCarryingValue
Prepaid expenses and other current assets 634,045us-gaap_PrepaidExpenseAndOtherAssetsCurrent 699,851us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total Current Assets 19,919,001us-gaap_AssetsCurrent 7,406,653us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation 101,394us-gaap_PropertyPlantAndEquipmentNet 127,700us-gaap_PropertyPlantAndEquipmentNet
Restricted cash 34,733us-gaap_RestrictedCashAndCashEquivalentsNoncurrent 34,733us-gaap_RestrictedCashAndCashEquivalentsNoncurrent
Total Assets 20,055,128us-gaap_Assets 7,569,086us-gaap_Assets
Current Liabilities:    
Accounts payable and accrued expenses 1,248,153us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 2,283,796us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Accounts payable and accrued expenses - related parties 307,912us-gaap_AccountsPayableRelatedPartiesCurrent 214,357us-gaap_AccountsPayableRelatedPartiesCurrent
Notes payable 189,758us-gaap_NotesPayableCurrent 283,552us-gaap_NotesPayableCurrent
Derivative liabilities 1,864,842us-gaap_DerivativeLiabilitiesCurrent 6,709,911us-gaap_DerivativeLiabilitiesCurrent
Total Current Liabilities 3,610,665us-gaap_LiabilitiesCurrent 9,491,616us-gaap_LiabilitiesCurrent
Total Liabilities 3,610,665us-gaap_Liabilities 9,491,616us-gaap_Liabilities
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; 35,705,313 and 29,971,839 shares issued and outstanding, respectively 35,705us-gaap_CommonStockValue 29,972us-gaap_CommonStockValue
Additional paid-in capital 110,688,385us-gaap_AdditionalPaidInCapital 89,252,262us-gaap_AdditionalPaidInCapital
Accumulated deficit (94,279,627)us-gaap_RetainedEarningsAccumulatedDeficit (91,204,764)us-gaap_RetainedEarningsAccumulatedDeficit
Total Stockholders' Equity (Deficit) 16,444,463us-gaap_StockholdersEquity (1,922,530)us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity (Deficit) $ 20,055,128us-gaap_LiabilitiesAndStockholdersEquity $ 7,569,086us-gaap_LiabilitiesAndStockholdersEquity