Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

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Accrued Expenses
 12 Months Ended
Dec. 31, 2016
Payables and Accruals [Abstract]  
Accrued Expenses
12. Accrued Expenses

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

 

     Years Ended December 31,  
     2016      2015  

Accrued expenses

      

Accrued compensation expense

    $ 1,198,448      $ 704,597  

Accrued audit and tax fees

      454,931        179,223  

Accrued professional fees

      867,969        194,790  

Accrued R&D fees

      1,040,321        466,076  

Accrued other

      157,788        194,694  
  

 

 

     

 

 

  

Total amount of accrued expenses

      3,719,457        1,739,380