XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities    
Net loss $ (7,109,129)us-gaap_NetIncomeLoss $ (5,101,850)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 44,245us-gaap_Depreciation 34,620us-gaap_Depreciation
Stock-based compensation expense 587,514us-gaap_StockOptionPlanExpense 292,216us-gaap_StockOptionPlanExpense
Changes in assets and liabilities:    
Prepaid expenses and other current assets 139,169us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 1,854,053us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 299,464us-gaap_IncreaseDecreaseInAccountsPayable 652,147us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses (2,637,283)us-gaap_IncreaseDecreaseInAccruedLiabilities (292,758)us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred rent (29,047)us-gaap_IncreaseDecreaseInPrepaidRent (25,476)us-gaap_IncreaseDecreaseInPrepaidRent
Net cash used in operating activities (8,705,067)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (2,587,048)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities    
Purchases of property and equipment (2,339)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (13,920)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (2,339)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (13,920)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities    
Proceeds from issuance of common stock, net of issuance costs   57,256,393us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from exercise of stock options 75,377us-gaap_ProceedsFromStockOptionsExercised  
Net cash provided by financing activities 75,377us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 57,256,393us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents (8,632,029)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 54,655,425us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 55,198,923us-gaap_CashAndCashEquivalentsAtCarryingValue 2,310,603us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 46,566,894us-gaap_CashAndCashEquivalentsAtCarryingValue 56,966,028us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of non-cash investing activities:    
Property asset acquisition included in accounts payable 10,000us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1  
Series A-1 Convertible Preferred Stock [Member]    
Supplemental disclosure of non-cash financing activities:    
Conversion of Series A convertible preferred stock to common stock   $ 38,805,055us-gaap_ConversionOfStockAmountConverted1
/ us-gaap_StatementClassOfStockAxis
= glyc_SeriesA1ConvertiblePreferredStockMember