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Accrued Expenses (Tables)

3 Months Ended

Mar. 31, 2015

Payables and Accruals [Abstract]

Summary of Accrued Expenses

The following is a summary of the Company’s accrued expenses:

		March 31, 2015				December 31, 2014
Accrued research and development expenses		$	1,750,799			$	2,726,511
Accrued license and milestone fees			—				1,500,000
Accrued consulting and other professional fees			347,727				77,273
Other accrued expenses			237,454				151,415
Accrued employee benefits			269,839				168,009
Accrued taxes			20,388				112,511
		$	2,626,207			$	4,735,719

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Tabular disclosure of the components of accrued liabilities.

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