Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 40,374,433 $ 29,349,124
Prepaid expenses and other current assets 3,505,890 2,311,385
Total current assets 43,880,323 31,660,509
Property and equipment, net 2,446,917 2,162,771
Other non-current assets 127,336 126,781
Total assets 46,454,576 33,950,061
Current liabilities:    
Trade accounts payable 1,638,220 1,058,536
Accrued expenses and other current liabilities 2,325,395 1,739,380
Deferred revenues, current portion 2,455,728  
Total current liabilities 6,419,343 2,797,916
Deferred revenue, net of current portion 2,701,626  
Other long-term liabilities 42,063 23,852
Total liabilities 9,163,032 2,821,768
Stockholders' equity:    
Common stock, $0.001 par value per share, 300,000,000 shares authorized and 43,058,827 and 39,833,023 issued and outstanding at June 30, 2016 and December 31, 2015 43,059 39,833
Series A convertible preferred stock, $0.001 par value per share, 10,000,000 shares authorized and 4,963 and zero issued and outstanding at June 30, 2016 and December 31, 2015 5  
Additional paid-in capital 128,484,390 112,226,723
Accumulated other comprehensive loss (1,325,774) (1,272,574)
Accumulated deficit (89,910,136) (79,865,689)
Total stockholders' equity 37,291,544 31,128,293
Total liabilities and stockholders' equity $ 46,454,576 $ 33,950,061