Quarterly report pursuant to Section 13 or 15(d)

Accrued expenses

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Accrued expenses
 6 Months Ended
Jun. 30, 2016
Payables and Accruals [Abstract]  
Accrued expenses

7. Accrued expenses

The Company has recorded the following accrued expenses as of June 30, 2016 and December 31, 2015, respectively:

 

     June 30,      December 31,  
     2016      2015  

Accrued expenses

      

Accrued compensation expense

    $ 690,733       $ 704,597   

Accrued audit and tax fees

      245,175         179,223   

Accrued professional fees

      355,753         194,790   

Accrued R&D fees

      899,579         466,076   

Accrued other

      134,155         194,694   
  

 

 

     

 

 

  

Total amount of accrued expenses

    $ 2,325,395       $ 1,739,380