Quarterly report pursuant to Section 13 or 15(d)

Accrued expenses

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Accrued expenses
 3 Months Ended
Mar. 31, 2016
Payables and Accruals [Abstract]  
Accrued expenses
6. Accrued expenses

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

 

     March 31,      December 31,  
     2016      2015  

Accrued expenses

      

Accrued compensation expense

    $ 449,376       $ 704,597   

Accrued audit and tax fees

      183,081         179,223   

Accrued professional fees

      733,221         194,790   

Accrued R&D expense

      873,666         466,076   

Accrued other

      82,700         194,694   
  

 

 

     

 

 

  

Total amount of accrued expenses

    $ 2,322,044       $ 1,739,380